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- RE: African Fashion Store-Includes Seller Support
- Contact: Kristina Wynne
Quick Facts
Asking Price: | $350,000 | |
Annual Revenue: | Not Disclosed | |
Net Profit: | Not Disclosed | |
Cash Flow: | Not Disclosed | |
Total Debt: | Not Disclosed | |
FF&E: | $3,000 | |
Real Estate: | Not Disclosed | |
Year Established: | 2009 | |
Employees: | 4 | |
BBN Listing #: | 992465 | |
Broker Reference #: | 041621-339340 |
Business Overview:
For over 15 years, this Chicago-based African fashion boutique has been a beloved destination for vibrant, authentic African clothing, shoes, jewelry, bags, arts and crafts, and waist beads. The store specializes in offering a curated selection of high-quality items sourced from diverse countries, including Ghana, Dubai, Nigeria, Italy, and beyond, creating a unique fusion of global styles and traditional African craftsmanship.
The business is known for its rich cultural offerings and has established strong relationships with international dealers, designers, and wholesalers, ensuring the authenticity and exclusivity of its inventory. Customers have long appreciated the boutique’s commitment to providing items that celebrate African heritage while embracing modern trends.
As the current owner prepares to transition the business, they are committed to staying on as a consultant to help the new owner seamlessly continue the boutique’s legacy. This support will include guidance on importing the specialty items and transferring well-established relationships with international suppliers. The seller’s mentorship will ensure the new owner not only preserves but also enhances these crucial connections, enabling a smooth and successful transition.
This is an excellent opportunity for a buyer passionate about fashion, culture, and global business, with the added benefit of ongoing support from a seasoned professional in the industry.
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Property Features and Assets:
For over 15 years, this Chicago-based African fashion boutique has been a beloved destination for vibrant, authentic African clothing, shoes, jewelry, bags, arts and crafts, and waist beads. The store specializes in offering a curated selection of high-quality items sourced from diverse countries, including Ghana, Dubai, Nigeria, Italy, and beyond, creating a unique fusion of global styles and traditional African craftsmanship.
The business is known for its rich cultural offerings and has established strong relationships with international dealers, designers, and wholesalers, ensuring the authenticity and exclusivity of its inventory. Customers have long appreciated the boutique’s commitment to providing items that celebrate African heritage while embracing modern trends.
Market Competition and Expansion:
1. Sustainability and Ethical Fashion: With increasing consumer demand for sustainable and ethically sourced products, this African fashion boutique is well-positioned to capitalize on the growing trend. By emphasizing the use of natural, hand-crafted, and sustainably produced items from African artisans, the business can attract conscious consumers who prioritize ethical fashion choices. Highlighting fair trade practices and the support of small-scale producers in Ghana, Nigeria, and other partner countries can help differentiate the brand and align it with modern values of sustainability and social responsibility.
2. Social Media Presence: The boutique has tremendous potential to expand its reach through social media platforms. A targeted strategy leveraging Instagram, TikTok, and Facebook can help showcase the vibrant and unique items available in-store, engage fashion influencers, and create a loyal online following. With curated content, live fashion showcases, and collaborations with social media personalities, the business can reach a wider, more diverse audience. User-generated content, influencer partnerships, and storytelling around the origins of the products can further drive engagement and build brand authenticity.
3. Global Expansion: The boutique has already established strong ties with international suppliers, offering a natural opportunity to explore global expansion. By building an e-commerce platform, the business can cater to international customers who are interested in African fashion and culture. Additionally, the existing relationships with designers and wholesalers in multiple countries position the boutique to explore partnerships or even pop-up stores in key international markets, expanding its footprint beyond Chicago. With the right digital marketing and logistical support, this boutique could become a globally recognized name in African fashion.
The primary competition for this boutique comes from other African retail stores that offer similar products, such as clothing, jewelry, and crafts.
Reason for Selling:
medicalAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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