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$45,500 USD

Lids Loft

lidsloft.com

Appears in Fashion and apparel , Established stores, Georgia, Printful stores for sale, Oberlo stores for sale, Dropshipping, Lifestyle, Home Business for sale, Print on demand, United States, Business and Franchises under $50,000, Large Business

General description

Lids Loft was started in August, 2017. With over 25,000 sales, Lids Loft has generated over $599,000 worth of sells in fashion and apparel. Lids Loft has become a staple in the hats and caps worldwide market. Advertising is done strictly through Facebook and Instagram.

Lids Loft has a healthy social media presence with over 27,000 follows on Facebook and over 14,500 follows on Instagram. Lids Loft has an email list of over 20,000 subscribers that are amazing for back-end sales.

The majority of sales have come from Facebook and Instagram advertisements along with many organic traffic sales. Email marketing has proven to be extremely effective with generating sales.

Lids Loft is a drop shipping store. The majority of Lids Loft products include hats, caps, and beanies.

Lids Loft has been evaluated at $217,880. We are selling it at a very low price of $45,500. We are selling Lids Loft in order to focus on other business ventures and to use the capital to invest in the other ventures.

Please, serious inquires only. This is an amazing opportunity for anyone who wants to have a successful drop shipping store.

Financials and traffic

Profit margin has fluctuated depending on the season from 18%-29%.

Average profit/month

$10,500 USD

Average overall profit margin

18%

Average number of sales/month

2,750

Lifetime revenue

$598,613.00 USD

Lifetime traffic

577,954 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Facebook ads vary from $100-500/day

Expense item

Cost

Shopify plan

$30.00/month

Subscriptions (ie. Mailchimp, apps)

$75.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$5,000.00/month

Employees (Including contractors and freelancers)

$750.00/month

Domain

$1.00/month

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

lidsloft

Instagram

lidsloft

Mailing list

25,000 subscribers

Social media followers

36,500 people

Q & A

Do you work with any employees, freelancers, or contractors?

1 customer service virtual assistant and 1 order fulfillment virtual assistant. Both VA's hired through upwork.com

Why should someone buy this store?

This is an incredibly successful drop shipping store. The reputation is very good and there are many returning customers as well as word-of-mouth sales. If ads were ceased, the store would still generate many sales.

How can the future owner improve the business?

Focus has been on Facebook ads. The future owner could increase the revenue even more by adding focus to Google Adsense, email marketing, and influencer marketing.

What work have you put into the store?

The store owner put 4-10 hours worth of work per day on the store for the first 3 months. Once the 2 VA's were hired, the workload is around 2-3 hours per day.

$45,500 USD

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