Renowned African Fashion Store For Sale

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.

Contact the Seller:

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.

Property Features and Assets:

Monthly Rent: $2,000.00

Square Units (Foot, Meter): 2,000

Lease Expiration Date: October 15, 2025, 12:00:00 AM

FF&E Overview:

Apparel = $275,200
Ball Gowns - $400/27 pcs = $10,800
Kinte cloth - $350/14 pcs = $4,900
Raven cloth - $200/25 pcs = $5,000
Material - $110/900 pcs = $99,000
Sequin and laces - $250/50 pcs = $12,500
Normal Lace - $95/200 pcs = $19,000
Women’s Clothes - $100/800 pcs = $80,000
Men’s Clothes - $250/150 pcs = $37,500
Boys - $50/40 pcs = $2,000
Girls - $45/100 pcs = $4,500

Accessories = $93,050
Designer bag - $400/3 pcs = $1,200
Leather bags - $100/15 pcs = $1,500
Back Pack - $30/50 pcs = $1,500
Tote Bags - $40/75 pcs = $3,000
Beaded hand bags - $50/ 16 pcs = $800
Women’s Clutches - $25/50 pcs = $1,250
Already made hair garments - $50/75 pcs = $3,750
Not made head garments - $55/200 pcs = $11,000
Women’s shoes and matching handbags - $130/250 pcs= $32,500
Men’s Shoes - $120/200 pcs = $24,000
Men’s belts - $40/150 pcs = $6,000
Men’s wallets - $35/50 pcs = $1,750
Watches - $120/40 pcs = $4,800
Men’s hats - $20/50 pcs = $1,000

Jewelry = $939,700
Rings - $12/2,500 pcs = $30,000
Necklaces/Earring Set - $25/3,000 pcs = $75,000
Bangles - $20/500 pcs = $10,000
Necklaces - $50/15,000 pcs = $750,000
Earrings - $12/3,000 pcs = $36,000
African necklaces -
African Earrings - $5/1,500 pcs = $7,500
Waste beads - $9/3,000 pcs = $27,000
Nigerian necklace - $120/35 pcs = $4,200

Braided Wigs - $70/ 25 pcs = $1,750
Human hair wigs - $50/1,000 pcs = $50,000

Medicinal items - $400
Toothbrush, Vicks, African soap, African toothbrushes, creams, etc.

African Art = $26,225
Normal Chair - $400/ 2 pcs = $800
Unity Art - $500/ 2 pcs = $1,000
Wall Art - $25/25 pcs $625
120 QT Pots - $220/8 pcs = $1,760
Sanoka art - $1,000
King/Queen chair - $800/2 pcs = $1,600
African Art - $400/8 pcs = $3,200
Small African Art - $70/200 pcs = $14,000
Small African chairs $150/ 3 pcs = $450
Medium Drums - $95/ 10 pcs = $950
Small Drums - $30/ 10 pcs = $300
Large Drums - $270/ 2 pcs = $540

Miscellaneous = $17,195
Black soap - $20/500 pcs = $10,000
Incense and oils - $2/100 pcs = $200
Hand fans - $8/35 pcs = $280
Premium hand fans - $45/17 pcs = $765
Dishes - $25/ 30 pcs = $750
ATM - $3,000
Head Mannequins - $15/40 pcs = $600
Full Body Mannequins - $100/16 pcs = $1,600

Total Inventory = $1,351,770

FFE - $3,000
Cabinets and glass display casings

FF&E General Condition: New

Market Competition and Expansion:

Competition: 

The primary competition for this boutique comes from other African retail stores that offer similar products, such as clothing, jewelry, and crafts.

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.

Reason for Selling:

Medical Issues. Kindly ask the seller for more information.

Additional Details:

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