- Avg. revenue /month$48
- Avg. sessions /month105
- Avg. profit /month$10
- Inventory value$400
Why this business was started
I started Lilly & Lola as a passion project/side hustle.
Have you ever had skin so dry that you needed to re-apply moisturizer all day long? We have. When people start to stare at your skin and wonder what is wrong - that's when we had enough. We scoured the beauty counters to find a solution. Nothing... until we discovered the hydrating effects of coconut oil. And lucky for us, it was also natural! A year in development, we studied all types of coconut oil to identify different properties found in each kind. Important criteria for our formulation: super hydrating, provides protection, lightweight with a high enough viscosity for coverage, and allows for convenient application. Combining serveral different types of coconut oils allowed us to formulate the optimal concoctions for your face, hair, lips and skin.
Coconut oil made us feel more confident about our skin, and we hope it will help you worry less about your skin too.
The reason of selling this business
Shortly after starting Lilly & Lola, I joined a tech startup that required me to shift my focus. It has since become a massive business, and unfortunately I don't have enough time to keep running Lilly & Lola on the side.
What's involved in running this business
Make it as big of small as you'd like!
Fulfill shipments by: mix coconut oil ingredients in bottles using pump systems (can explain in further detail, but generally it's very easy and can be done in small or large batches), apply labels, package and ship.
Re-order ingredients & packaging: will be given some inventory to start, along with costing and information for trusted suppliers.
Marketing: set up Facebook/Instagram ads, post organic content to social media, send samples to influencers, update photography as needed.
Traffic and Performance
- Avg. revenue /month$48Verified
- Avg. sessions /month105Verified
- Avg. profit /month$10
- Inventory value$400
- Profit Margin20%
- Avg. sales /month4
- Shopify plan
- Inventory warehouse
Logo and branding assetsLogos, product photography, social media photos, advertisements. Transferred in .ai or .png format via WeTransfer.
Personal support after sale- Full on-boarding to product fulfillment - Tutorial and instructions for how to make the product at home - Basic marketing strategies and suggestions to get going - Available for support after sale This will be done via 1 hour video onboarding (Zoom or Google Hangouts), plus up to 30 minutes per week of support by phone, video or email for 4 weeks after company transfer.
Product photosTransferred in .ai or .png format via WeTransfer.
SuppliersList of all suppliers along with negotiated costing information will be transferred to the buyer.
Mailing ListNot Included
How to grow this business
There's a huge opportunity to grow the store with minimal online marketing support. The products are ready to go, it just needs some attention and small ad spend to get sales on fire!
Skills to have
Digital advertising would be useful, but could also be learned.
Our features for a secure experience
- Verified revenue and traffic
- Secure messaging platform
- Escrow payment system
- Dedicated migration team
Why use Exchange?
Exchange is the largest and fastest-growing marketplace for Shopify e-commerce stores
Verified listing data
The revenue and traffic data that you see on each listing is pulled directly from its Shopify account. This means that the data has been verified. Exchange reviews and monitors listings for thorough and accurate information.
Secure messaging platform
You will be able to communicate with sellers via a secure messaging platform. After you log in and request information from a listing, sellers are notified and have the ability to respond. When you are ready, you can make an offer.
Encrypted payment capture
Exchange and Escrow.com have partnered together to provide you with safe transactions that have bank encryption, making sure that payment is securely captured. Escrow.com ensures that its users pass verification checks before transactions can proceed.
Take time to inspect the business
Once you submit payment to Escrow.com and the payment has been secured, the funds are held until you confirm that all assets received are as negotiated. You can use the inspection period to ask the seller any extra questions about the business.
Safe store transfer
When the transaction is finalized, the dedicated migration team at Exchange will begin the process of making you the new owner of the store. Buyers and sellers will be notified via an email from the Exchange team once store transfers have been completed.
Post-purchase 24/7 Shopify support
Once you log into your Shopify account for the first time and choose a subscription plan, Shopify Support Gurus are available 24/7 to help you with the settings of the store.