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$200,000 USD

Joriki Yoga

joriki.com

Appears in Fashion and apparel , Illinois, United States, Chicago, Established stores, Medium Business, Inventory, Businesses using Shipstation for Sale, Businesses using Zendesk for Sale

General description

Look forward. Give back.

Joriki creates versatile, comfortable yoga apparel that puts you at the cutting edge of contemporary style. Inspired by exquisite hand-woven fabrics, intricately painted henna patterns, ancient textile motifs and groundbreaking contemporary art, our bold, modern designs bring stunning colors and patterns from around the world to the yoga community.

Giving back to the global community is at the heart of everything we do. A percentage of our pro ts go to charities that are working to improve the lives of artisans, their families and their communities around the world through literacy and health education, support for women entrepreneurs and disaster relief efforts.

When you are wearing Joriki, you are wearing a piece of the world.

Financials and traffic

Proforma profitability figures based on the owner operating the business on a day-to-day basis.

Average profit/month

$3,000 USD

Average overall profit margin

25%

Average number of sales/month

125

Value of inventory

$175,000 USD

Lifetime revenue

$31,313.00 USD

Lifetime traffic

13,855 Sessions

Revenue and traffic data from this graph is calculated by Exchange and can not be edited by the seller. Average profit, profit margin and number of sales are provided by the seller. Learn how Exchange calculated this data.

Business Expenses

Expense item

Cost

Shopify plan

$250.00/month

Subscriptions (ie. Mailchimp, apps)

$50.00/month

Advertising (ie. Adwords, Facebook ads, etc.)

$500.00/month

Employees (Including contractors and freelancers)

$4,000.00/month

Domain

$83.00/month

Inventory

Inventory value about at cost. Would also include inventory we are currently in production with (approximately $25,000).

Located in Chicago

Willing to ship inventory

Willing to transfer relationships with suppliers

What’s included in the sale

  • Physical inventory
  • Logo and branding assets
  • Social media accounts
  • Personal support after sale
  • Domain
  • Product photos

Social Media

Facebook

jorikiyoga

Instagram

jorikiyoga

Pinterest

jorikiyoga

Twitter

jorikiyoga

Mailing list

1,500 subscribers

Social media followers

20,000 people

Q & A

Do you work with any employees, freelancers, or contractors?

Our Director of Sales and Marketing is based in Chicago. She also runs our social media strategy. She would be willing to work for a new owner.

Why should someone buy this store?

Rare opportunity to purchase a well-established yoga apparel brand at a significant discount to the liquidation value of the business. Includes all existing inventory, website, trademarks, relationships, social media accounts, partnerships, one year of consulting from the founder and much more. Would also entertain seller based financing to the purchaser of the business.

How can the future owner improve the business?

1) Wholesale: Develop the wholesale market with both boutiques as well as with larger big-box retailers. The wholesale market historically has not been a strong focus of Joriki and stands as an exciting pillar to drive revenue.

2) E-commerce: Continue to participate in the positive momentum we are seeing from e-commerce. Through tweaking our message and branding as well as further utilizing the tools on the Shopify platform, we feel this is an area ripe for continued growth. We also do not have exposure to Pinterest which could be a potential area of meaningful growth. Amazon – Work with the amazing team at Amazon to fully develop this sales channel. We spent approximately two months joining the platform, the second stage is optimizing traffic flow to our brand. NuOrder – We are currently joining the Available to Sell (ATS) marketplace on NuOrder (a retailer-to-supplier marketplace). This could be an exciting revenue driver in the future as NuOrder will be driving traffic directly to the ATS marketplace.

3) Partnerships: We feel that we have the unique opportunity to drive revenue through our developing and existing partnerships. Currently, we have a very strong relationship with Mary Tilson (who runs the health and wellness group at Nihiwatu – the #1 resort in the world). Additionally, we are in the early stages of developing capsules with Instagram Influencer who has her pulse on the yoga community in Southern California. She also has a very broad social media reach of over 1 million followers across her two businesses.

4) Events and Festivals: Opportunity to introduce the Joriki brand through events and festivals. We have found strong sales through this channel, as our product “sells itself” once people have first-hand experience with the brand.

What work have you put into the store?

Joriki would be essentially a turn-key asset purchase. Manufacturing relationships, inventory, website, branding, trademarks, social media accounts, etc. would all be transferred to the buyer. The business currently has approximately $350,000 in total assets.

How many hours does it take to run this business per week?

80 hours

$200,000 USD

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