All prices in USD
  • Avg. revenue /month
    $314
  • Avg. sessions /month171
  • Avg. profit /month
    $550
  • Inventory value
    $3,000

Description

General description

Lulu's Closet was started in April 2016 with the idea of offering affordable, comfortable clothing to customers. My motto has been that I will never charge my customers more than I am willing to pay for an item. I've been in business two and a half years and have decided that I'd like to change my business name and focus more on accessories and less on clothing.

Why should someone buy this store?

I've invested a lot of time in the layout of the store. It is basically ready to go for your products and own touch. The initial valuation of my site was $4200 and I can honestly say that I have invested that much time or more into the building/maintaining the online store.

How can the future owner improve the business?

A future owner could improve by advertising the website more. Most of my focus has been on group sales in Facebook as well as local vendor events. I mainly used my website for invoicing and inventory purposes.

What work have you put into the store?

Creating the layout, color schemes, logo designs. I added a code to capture the birthday of customers when they sign up for an account if I wanted to send birthday discounts. If you wanted my logos/domain/social media accounts, that could be discussed but right now the listing is just the store and I will help upload your new products/logos for you.

Time to run this business: approximately 10 hours per week

Traffic and Performance

  • Avg. revenue /month
    $314
    Verified
  • Avg. sessions /month171Verified
  • Avg. profit /month
    $550
  • Inventory value
    $3,000
  • Profit Margin40%
  • Avg. sales /month40

Other details about profit: My profits were higher in 2017. I've been starting to scale back so the profits for January until now are much lower than compared to my previous year. You will definitely see from the sales data for the past year when I focused more on the online store versus my physical location. The physical location sales are not included in the Shopify numbers.

Total revenue
  • $10,347
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 5,665Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $5
      /month
    • Retail space rental
      $95
      /month
    • Domain
      $0.83
      /month

    Sale Includes

    • Physical inventoryNot Included
    • Logo and branding assets
    • Personal support after sale
    • Domain
    • Product photosNot Included
    • SuppliersNot Included
    • Mailing listNot Included
    • Social Media
      Total followers500subscribers

    Why use Exchange?

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    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

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    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.