All prices in USD
  • Avg. revenue /month
    $8,898
  • Avg. sessions /month8,472
  • Avg. profit /month
    $1,200

Business Story

Why this business was started

I decided to start this business because I think office wear for women is far to expensive. There didn't seem to be a good alternative for women who want unique styles that are also affordable. I decided to start this business to fix just that. I wanted to provide truly unique pieces that would make women stand out at work while also removing that feeling of guilt for treating themselves.

The reason of selling this business

I have decided to go back to school and pursue my master's degree in Supply Chain Management.

What's involved in running this business

Running this business requires the following: Hours per week for a team of 4 people ~8-12hrs each. Searching for potential new products. Testing these product using our dropshipping model. Marketing these products. Working with suppliers overseas to produce winning products. Fulfilling orders. Handling customer service. Handling returns and refunds (if applicable). Enjoying watching the business grow.

This business was founded: over 1 year ago
Time to run this business: approximately 12 hours per week

Traffic and Performance

  • Avg. revenue /month
    $8,898
    Verified
  • Avg. sessions /month8,472Verified
  • Avg. profit /month
    $1,200
  • Profit Margin10%
  • Avg. sales /month200
Other details about profit: The profit and average orders per month is based on the 3 months we have operated this store. The first months represent the time we started building the store and brand so that is why the orders are not reflected there. Unfortunately, Shopify doesn't recognize the time when we were building the store so it shows a revenue of $0 for the first couple of months. Nevertheless, since we started this business we have been profitable. LOMA has never seen a negative Net Earnings line due to our solid pricing strategy and partner relations.
Total revenue
  • $133,464
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 127,090Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Domain
      $14
      /year
    • Paid apps, email marketing, one time expenses (Avg)
      $320
      /month
    • Facebook
      $5,000
      /month
    • Photoshop
      $22
      /month

    Sale Includes

    • Physical inventory

      Not Included
    • Logo and branding assets

      All logo and branding assets will be included in sale. All trademarks will be transferred.
    • Personal support after sale

      We will provide post-sale support for 60 days to make the transition as seamless as possible. We will take care of any and all orders created and in-transit up until the day of the sale. We will also take care of any chargebacks and issues related to orders that were placed up until the day of the sale.
    • Domain

    • Product photos

      We do not own any unique product photos. All are open source and will be transferred with the online store.
    • Social media

      Total followers2,000subscribers
    • Suppliers

      All supplier and sourcing partner relations will be transferred as part of the sale.
    • Mailing List

      4,000subscribers

    Seller‘s Advice

    How to grow this business

    I started as a dropshipping brand - connecting suppliers directly to our customers - to take advantage of low costs and the reduced inventory risk. This model, while effective to test and grow our business, had a glass celling we couldn't seem to break. To grow this business over the next five years we would further leverage our relationships with our suppliers overseas to produce our successful products at a margin of our current costs. We would also expand how we operate with our 3rd party logistics partners (ShipBob) - so they can provide the most competitive storage, handling, and shipping costs for our business - in line with our pricing strategy. Finally, we would go global. Our current success was all realized in the US but we are confident our model would work worldwide.

    Skills to have

    New owners should have basic digital marketing skills or at least have someone on their team who does. It is not rocket science but a basic understanding of how Facebook marketing works, how email marketing works, and the power of influencer marketing, would go a long way. However, even if they don't, we are willing to include training on how we have made our store a success to make sure the transition is seamless.

    Share

    AA
    Ana A.Current store owner
    I started this business right in the midst of the pandemic when I was notified I might be let go from my job. I've always had a passion for business and entrepreneurship and it seemed like the perfect opportunity to try. That is how LOMA was born. The idea behind it is rooted in the fact that I hate how expensive work clothes are and I wanted to create an alternative. I decided to come up with this concept of affordable office-wear to fix just that!

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