4 Kitchenware And Home Essentials Shop Success Stories [2024]
Kitchenware and home essentials supplies remain a traditional retail business globally. Even in this era of the internet, people prefer purchasing kitchenware and home essentials from brick and mortar stores.
Therefore, if you plan to start a kitchen supplies business, you may consider opening a physical store.
Do you want to start a kitchenware and home essentials store? You can purchase a struggling store or start from scratch. Remember, location is a significant factor in the approach, so focus on the high-traffic areas like near residential locations.
In this list, you'll find real-world kitchenware and home essentials shop success stories and very profitable examples of starting a kitchenware and home essentials shop that makes money.
1. Pdd Falcon - Prazision Deep draw Pvt. lts ($936K/year)
After appearing on the popular TV show Shark Tank India, Sneha and her husband Chirag realized the market potential for premium quality stainless steel storage and drinkware. They launched PDD Falcon in 2017, offering a range of more than 300 products. With over 5 million customers served across 18,000 pin codes and a forecasted revenue of 12 crore for FY 2022-23, PDD Falcon has become a leading brand in India's home and kitchenware industry.
How much money it makes: $936K/year
How much did it cost to start: $2.5M
How many people on the team: 300
PDD Falcon is a family-owned brand that manufactures premium stainless steel storage and drinkware, serving over 5 million customers across 18,000 pin codes in India with a projected revenue of Rs 12 cr and valuation of Rs 25 cr for FY 2022-23, achieved through a network of 40 distributors and various major online portals.
2. Stacked ($720K/year)
Druce, one of the co-founders of Stacked, initially started the business as a platform to cut out the middleman in the real estate industry. However, they realized that the market wasn't ready for their product and shifted their focus to creating comprehensive and objective condo reviews, which set them apart from the competition. Their strategy of doubling down on content, including long-tail keywords, has resulted in immediate growth for the business.
How much money it makes: $720K/year
How much did it cost to start: $50K
How many people on the team: 10
A real estate media company in Singapore skyrocketed its monthly revenue to $60k by providing in-depth condo reviews and leveraging high-quality multimedia content, gaining 700k page views, 43k Instagram followers, and 17k YouTube subscribers.
3. Boil Boss ($285K/year)
Robert Lapeyre was inspired to launch Boil Boss after his father's old idea of a rapid seafood cooling system reignited his passion for cooking. Armed with personal experience and research, Robert tackled overcooked seafood, leading to $285,000 in 2023 revenue.
How much money it makes: $285K/year
How much did it cost to start: $2K
How many people on the team: 4
Learn how Boil Boss, an innovative boiling accessory company, generated $285,000 in 2023 and aims for expansion in 2024 through customer base growth and website optimization.
4. Humble Blades ($24K/year)
In a bold and risky move, Chris Sofia decided to start a custom knife business with no prior knowledge or experience in the industry. Armed with only his passion for knives and a desire to break free from the corporate world, Chris invested his last unemployment check into purchasing materials and embarked on a journey of trial and error. Through perseverance and dedication, he honed his skills and turned his passion into a successful handmade knife brand, attracting customers through authenticity and personalized customer service. As he looks towards the future, Chris aims to scale his business and become a true leader in the industry.
How much money it makes: $24K/year
How much did it cost to start: $5K
How many people on the team: 1
Chris Sofia shares how he turned his passion for knives and his marketing and design background into a bespoke knife-making business with a focus on authenticity and customer service, using social media as his primary marketing tool.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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