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$2,400 USD

Lulu's Closet

www.shopluluscloset.com

Appears in Fashion and apparel , Oberlo stores for sale, Business and Franchises under $5,000, Dropshipping, Lifestyle, Home Business for sale, Oklahoma, Inventory, Retail Stores, United States, Medium Business, Modalyst Stores for Sale

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.

Financials and traffic

My profits were higher in 2017. I've been starting to scale back so the profits for January to March 2018 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.

Average profit/month

$550 USD

Average overall profit margin

40%

Average number of sales/month

40

Value of inventory

$5,000 USD

Lifetime revenue

$8,504.00 USD

Lifetime traffic

4,033 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

The Shopify plan is basically the only expense. I haven't found it necessary to pay for any extra subscriptions to operate the store.

Expense item

Cost

Shopify plan

$29.00/month

Subscriptions (ie. Mailchimp, apps)

$1.00/month

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

$20.00/month

Inventory warehouse

$5.00/month

Retail space rental

$95.00/month

Domain

$0.00/month

Brick and mortar

The retail space is not included. I rent a booth space from a local business, so most of my focus is selling locally and I do not use Shopify for that.

Retail location

115 N Main St

Sand Springs, OK

74063

US

Uses Shopify POS

Inventory

Inventory would not be included in the purchase unless there is something you just really would like.

Located in Sand Springs

Willing to ship inventory

Willing to transfer relationships with suppliers

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

theclosetoflulu

Instagram

shop_luluscloset

Q & A

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 valuation states the value of my store is $4200 and I could honestly say that I have probably 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.

How many hours does it take to run this business per week?

10 hours

$2,400 USD

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