All prices in USD
$460,000
  • Avg. revenue /month
    $80,918
  • Avg. sessions /month13,222
  • Avg. profit /month
    $4,400
  • Inventory value
    $180,000

Business Story

Why this business was started

Fifteen years ago, started new inline store in one of the major mall in Atlanta to start out the new venture with the offering of Vera Bradley and other products with some previous retail experience. Has evolved for next 15 years as the environment of retails has changed.

The reason of selling this business

We started new wholesale business for last two years and want to focus on wholesale business from retail business.

What's involved in running this business

Marketing and advertisement, customer service, HR, payroll, fulfilling online orders, product research and purchase, Social media management.

This business was founded: over 6 years ago
Time to run this business: approximately 40 hours per week

Traffic and Performance

  • Avg. revenue /month
    $80,918
    Verified
  • Avg. sessions /month13,222Verified
  • Avg. profit /month
    $4,400
  • Inventory value
    $180,000
  • Profit Margin5%
  • Avg. sales /month1,938
Other details about profit: 1938 order are based on last 90 days from shopify report. Holidays sales are higher so annual average is over 2000. $4400 per month is without current owner salary from online store and Greenville store based on 1st quarter. You can add $3000 paycheck we get each month from Greenville store. Greenville store is in haywood mall in Greenville SC and owned by Simon Properties and has two years in lease left. Used to be closed over annual sales of $850K in 2019 before covid and expect to get back to the pre-covid level. Alpharetta store is in very charming historic downtown near Avalon mall, one of the most affluent area in metro Atlanta. Opened in May 2020 and currently in loss. 9.1% profit margin is without alpharetta store as you can purchase without this store. If you can renegotiate the lease with lower rent, it will turn around faster. Online business is in profit with about 20K sales a month with 4-5K with instagram/FB store sales in 20K. Fiore Boutique is trademarked expiring later this year. Used have as many as 9 physical stores from Jacksonville, FL, Charlotte, NC, and Knoxville, TN, multiple locations in Atlanta (closings in order as recent as last year April). One fulltime employee located in Greenville SC; Greenville store manager. Poshmark with over 30K followers with ambassador status can be a potential for new buyer. We joined in Shopify 6 years ago so previous nine years sales is not in this shopify.
Total revenue
  • $6,149,791
    • Revenue data comes directly from Shopify and cannot be edited by the seller
    Total traffic
  • 1,004,883Visits
    • Traffic data comes directly from Shopify and cannot be edited by the seller

    Expenses

    • Shopify plan
      $299
      /month
    • Inventory warehouse
      $1
      /month
    • Retail space rental
      $21,000
      /month
    • Employees
      $15,000
      /month
    • Domain
      $79
      /year
    • Shopify apps
      $44
      /month
    • Shipping and supplies
      $2,000
      /month

    Sale Includes

    • Physical inventory

    • Logo and branding assets

      Logos and images of fiore boutique and trademark name of Fiore Boutique will be transferred.

    • Personal support after sale

      I can provide onsite training for two weeks in Alpharetta store and additional support for four weeks after two weeks onsite training. This includes following up with refund requests or chargebacks (our return policy is 30days), or help setting up and running the online and offline store including customer complaint support, email, phone call.

    • Domain

    • Product photos

      my-fiore-boutique.myshopify.com has all the product photos and shopify will be transferred to new owner.

    • Social media

      Total followers49,000subscribers

    • Suppliers

      All suppliers information is available in shopify or separately with purchase record. We have built the good relationship with suppliers for fifteen years.

    • Mailing List

      9,000subscribers

    Seller‘s Advice

    How to grow this business

    With strong 45K fully organic instagram followers and over 30K poshmark followers with long history of store followers in Southeastern region, better marketing plan and better product offering can definitely boost your sales with covid retail rebound. Based on retail projections, can expand to either brick and mortal or online or other social channels. Intagram checkout store is already fully running and bringing in the sales from the channel.

    Skills to have

    Marketing skills, product buying, customer service, social media management skills are helpful but you can hire if needed.

    Share

    dk
    do k.Current store owner
    Seasoned business person with finance and IT project management experience. Started retail business by my wife 15 years ago in Atlanta GA and expanded with multiple locations and multiple channels. Fully joined Fiore Boutique 7 years ago after professional careers in major corporation experience as corporate financial analyst and IT project manager.

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