What is OpenStore?
OpenStore is a leading e-commerce acquisition platform specializing in purchasing and operating Shopify-based businesses. With a portfolio of over 40 brands serving two million customers and offering more than 100,000 products, OpenStore has established itself as the largest operator of Shopify brands.
The platform leverages advanced technology and data science to provide accurate business valuations, ensuring a transparent and efficient acquisition process. OpenStore's comprehensive operating platform combines expertise, technology, and capital to effectively manage and scale acquired brands, backed by investments from top firms.
Features
- Data-Driven Valuation: Comprehensive business assessment using advanced data science models
- Quick Offer Process: 3-5 business day offer turnaround time
- Transparent Payment Structure: 80% upfront payment with 20% after transfer completion
- Expert Management: Professional team handling marketing, operations, and customer service
- Streamlined Acquisition: Simple three-step process from application to sale
Use Cases
- Shopify business owners looking to exit their business
- E-commerce entrepreneurs seeking quick business liquidation
- Online store owners wanting to sell without broker complications
- Digital business owners seeking reliable valuations
FAQs
-
How do you price businesses?
OpenStore reviews company's past performance metrics including revenue growth, customer growth, repeat rates, order value, profitability and acquisition costs, combined with data science models to generate forecasts and determine future earnings potential. -
How long does the process take?
After submission, offers are typically sent within 3-5 business days. If accepted, the diligence process takes a few weeks, followed by the ownership transfer process. -
When will I get paid?
After completing diligence, 80% of the cash offer is transferred immediately, with the remaining 20% paid after the ownership transfer is complete. -
Who will run the business after acquisition?
OpenStore's team of e-commerce experts manages the business, including professionals in social media marketing, paid search, email/SMS marketing, supply chain operations, inventory management, and customer service.
