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  • Avg. Revenue /month
    $3,611USD
  • Avg. Sessions /month1,200
  • Avg. Profit /month
    $3,000USD
  • Inventory value
    $175,000USD
Description

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.

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.
Time to run this business: approximately 80 hours per week
Traffic and Performance
  • Avg. Revenue /month
    $3,611USD
  • Avg. Sessions /month1,200
  • Avg. Profit /month
    $3,000USD
  • Inventory value
    $175,000USD
  • Profit Margin25%
  • Avg. Sales /month125
Traffic and Revenue data comes directly from Shopify and can not be edited by the seller.
Total revenue
$50,550USD
Total traffic
16,809Sessions
Expenses
  • Shopify plan
    $250USD
    /month
  • Employees
    $4,000USD
    /month
  • Domain
    $83.33USD
    /month
Sale Includes
  • Physical inventory

  • Logo and branding assets

  • Social media accounts

  • Personal support after sale

  • Domain

  • Product photos

Social Media

Social followers20,000subscribers
JL

James L.

Running this business for about 1 year
Interested in developmental economics from a very young age, Langer studied economics at the University of Chicago and received his MBA from Northwestern University, going on to work in investment management in his early twenties. Looking for an outlet both creative and compassionate and desiring to focus on more philanthropic causes, Langer developed the idea for Joriki. He set out to build a brand that uses stylish and practical yoga clothing to aid impoverished nations through a give-back program.
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