|1||The pandemic have changed the world drastically, eCommerce in May 2020 hit 77% increase from the previous year|
|2||Household products are in higher demand, and that trend will continue as more people desire to work from home|
|3||Online sales growth is unstoppable, e-commerce is taking over many established retailers that are closing down|
|4||74% of marketers believe rationalization has a “strong” or “extreme” impact on advancing customer relationships|
|5||All our products are personalized and connected to popular world history & geography, people are naturally attracted to|
|6||Partnering with established high volume online platforms that have billions of dollars in revenue per year|
|7||We have established relationships with top manufacturers, that have been producing for many years for top retailers|
|8||We understand the relationship everyone has with their homes, and we deliver an affordable solution with style|
As software engineer, and working with many Fortune 500 companies for over 25 years, I believe that there is a great demand for this business model. Besides the great business model, I also know the founder for many years, and I have seen him creating and executing amazing opportunities. The current pandemic time is positive for the business as well, and the fact that LifeHouse is partnering with established high volume online platforms and proven manufacturers is only adding to the future success.
The idea started in 2008, we have been working on developing and testing various products that will stay constantly in market demand.
The pandemic crises has changed the world drastically. More people than ever are spending more time at home. People work from home, study at home, use their homes as a gym and many more uses. A year ago, we could not even imagine that we would live as we live today, but we are.
As people are spending more time at home, they have more needs to
purchase household items. One way to really feel at home in your property is by connecting with the pieces that make up the home. Our household products represent a wide range of history and ancestry. That was never done before because people did not have needs for multi-functional homes as they do today.
As many brick and mortar stores are closing, and more than ever people spend time at home, the demand for our products online increased, and will continue growing.
Although LifeHouse is a new company, our business model was built after careful market research with top online selling platforms and suppliers. The owner and the managing partners are well experienced and diverse in the business. For example, we will be joining existing online platforms, with sellers that currently are selling $ billions in revenue per year, they are guiding us and positioning our products on the market, so that we achieve our goals.
We work with manufacturers and sourcing agents globally. Those entities have been supplying many of the largest existing chains for many years, they understand our needs.
There really is no competitor that we have been able to identify. We believe we understand our business model better than any potential competitor. We are optimists and are constantly looking for new and better ways to serve our customers and meet market demands. A shelter is a primary and vital need, the living space is under your control let us help you make the most impact.
"We've seen trends come and go, and our combined experience helps us focus on what really matters instead of chasing the latest "hip" idea."
The news, media and celebrities are interested to support LiFeHouse vision. The views of the founder have been published in various media outlets, and the founder have scheduled to publish periodically various opinionated articles on smart, future, adaptable, homes.
Thanks for choosing us!
LifeHouse has financial statements ending August 7 2020. Our cash in hand is $0, as of August 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
LIFEHOUSE is an e-commerce retailer with a specialty for products relating to Home Furniture. The daily operation of the business involves a laser-guided approach to
product development, branding and performance marketing. The company is starting out by
following existing paths of established markets and manufacturers. The initial goal of the
founders is to combine amazing synergistic tools of growth.
We understand people’s relationships with their
homes, and we deliver tailored solutions featuring eco-friendly and evergreen designs in home
products, and at affordable prices too. The eCommerce boom LifeHouse is tapping into is
supported by the economic numbers. The recent economic shutdown due to the Coronavirus
Pandemic has rapidly accelerated the growth of eCommerce with online spending in May hitting
$82.5 billion, up 77% from the previous year, according to a recent Adobe Analytics report.
LifeHouseNow, LLC was incorporated in the State of California in August 2020.
Since then, we have:
Historical Results of Operations
Our company was organized in August 2020 and has limited operations upon which prospective investors may base an evaluation of its performance.
In the normal course of business, the Company will have transactions with BB Investment Holdings, which is completely owned by Bobby Borisov, who is also the CEO of the company conducting this offering.
Liquidity & Capital Resources
To-date, the Company has been funded with $1,654 in debt.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 3 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 3 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
LifeHouseNow, LLC cash in hand is $0, as of August 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $0/month, for an average burn rate of $0 per month. Our intent is to be profitable in 6 months.
There have been no material changes or trends since the date of our financials.
In next 3 - 6 months we don't expect revenue, and expenses should be kept at around $80,000 per month. We believe we'll need approximately $200,000 in capital to reach a revenue-generating point, which we expect to happen in 3-6 months. Six month after that point, we hope (but not guarantee) to be generating $150k/month in expenses.
Friends and family of the founder can be solicited for additional capital outside of the funds raised in this offering.
If the internet crashes, our entire business will be affected. Or if we get hacked, we might get affected.
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
Handling fast growth could be a challenge and in the same time risk for us. Our business is subject to shift with the economy
International concerns – all our manufacturers are located out of USA, if there is another virus or slow down in the economy, we might experience slow deliveries.
The profits are uncertain, and it is impossible to provide narrower projections them until we start.
More government regulations for our business might threaten our company. The projected returns are not guaranteed.
There is always risk that some of our third party providers might not perform as expected, which will add delays while replacing them.
Inflation risk is another unexpected factor, potential inflation due to the current economic crises could affect the performance of the company.
Already have a Wefunder account? Login
Don't have a Wefunder account? Signup