Tupelo Data Room
Clothing & Accessory Stores, Jewelry Stores
Active

Renowned African Fashion Store for Sale – Includes Seller Support

Illinois, United States
Asking Price$600k
Revenue-
EBITDA-
Cash Flow-
Description
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.
Real Estate
Rent is $200,000 per month
Building Size: 2000 sq. ft.
Furniture Fixtures & Equipment
$3k
Inventory
$1.35mIncluded in Asking Price
Number of EmployeesFull-Time: 4
Year Established
2009
Reason Selling
Medical Issues
Facilities & Assets
FF&E General Condition: New
Support & Training
Number of Weeks Seller Will Offer Training: 2
Market & Competition
The primary competition for this boutique comes from other African retail stores that offer similar products, such as clothing, jewelry, and crafts.
Growth Opportunities
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.
Asking Price$600k