All prices in USD
$7,995
  • Avg. revenue /month
    $7
  • Avg. sessions /month64
  • Avg. profit /month
    $6
  • Inventory value
    $8,000

Business Story

Why this business was started

Starting in 2013, I decided to experiment with various ingredients in hopes of producing a formula that catered best to my clients' nuanced hair needs. The main concern was this: with so many different hair products on the market that in turn target countless individual hair types, women found it difficult to find one that restored hair vitality long-term. Through the feedback of my wonderful clients, and after several incarnations of natural ingredient blends, I finally created LRM. The Luminous Repair Masque truly lives up to its name. It is a hair multi-purpose hair conditioner that restores dry, color-treated and damaged hair and brings back vitality, fullness and shine. Most hair products tend to lose their effects on hair because of the hair's natural acclimatization. But LRM users find that not only does their hair feel drastically healthier after just one use, but it also maintains this look and feel for months after.

The reason of selling this business

A little over a year ago I got into Real Estate, besides that I also maintain a hair stylists clientele. My product company MOND™ has been pushed back third place of importance, I simply don't have the time to market the product. Even though we over 30 five star reviews on Amazon, the product needs marketing.

What's involved in running this business

LRM is sold primarily on Amazon, I also have a distributor in Amsterdam who sells the product there. Other than marketing and opening new accounts and supplying / replenish new products to Amazon and bookkeeping, there is not much more to do. It can certainly be run by one dedicated person.

This business was founded: over 1 year ago
Time to run this business: approximately 6 hours per week

Traffic and Performance

  • Avg. revenue /month
    $7
    Verified
  • Avg. sessions /month64Verified
  • Avg. profit /month
    $6
  • Inventory value
    $8,000
  • Profit Margin5%
  • Avg. sales /month6
Other details about profit: Some items are sold in a retail location
Total revenue
  • $131
  • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 1,292Visits
  • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $29
      /month
    • Inventory warehouse
      $0
      /month
    • Domain
      $359
      /year

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      MOND™ Trademark, All promotional videos, photos, graphic designer contact info.
    • Personal support after sale

      I can provide assistance for 2 months after closing of sale. All marketing materials and graphics designer contact info etc. Suggestions as to where and how to market product.
    • Domain

    • Product photos

      Inventory of approximately 8,000.-US Dollars - All photos pertaining to LRM.
    • Social media

      Total followers2,078subscribers
    • Suppliers

    • Mailing List

      Not Included

    Seller‘s Advice

    How to grow this business

    I would invest more time and money into social media marketing, also contact hair salons throughout the US and open new accounts. Furthermore contact Salon Suppliers such a CosmoProf and Salon Essentials and Ulta. The product pricing is structured to be sold wholesale and retail and distributor pricing.

    Skills to have

    Social media marketing skills. Sales skills.

    Share

    PS
    Philippe S.Current store owner
    I consider myself a very experienced individual in the hair and beauty industry. I am a highly creative hair stylist as well as an innovative businessman. Developing this product has taken me and my team of chemists over three years and it was great fun filled with many challenges.

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