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$150,000 USD

Lexi+Lou | the bluegrass boutique

www.lexiandlou.com

Appears in Fashion and apparel , Established stores, Retail Stores, United States, Kentucky, Inventory

General description

Lexi+Lou (lexiandlou) focuses on selling apparel, accessories and jewelry brands that are not available in other local boutiques or saturated online. We make some of our own jewelry pieces too. We've designed a few of our own tees with clever sayings/designs and those have done well too.

Many people who shop in our brick and mortar store ask, "Who's Lexi and who's Lou?" The answer is neither! Lexi and Lou LLC was named after my two favorite cities in Kentucky.

We've had a retail location in Lexington, KY and offer everything online too. Included in the sale are the domain, social media accounts, and business email accounts (up to 5). Also included are all the physical retail fixtures and displays, off-white wooden hangers, signage, label maker, shopping bags and more.

I've had some autoimmune health issues to deal with in the past 6 months and my husband's job is relocating us to Texas. I would love to see someone keep the dream alive!

Financials and traffic

The building that I'm located in announced renovations in December 2016. That announcement has hurt foot traffic tremendously. We have always received positive feedback regarding the products we sell and conversion of foot traffic is high - estimated at 70%! I truly believe with a better location and continued product strategy, this shop has huge potential.

Average profit/month

$1,500 USD

Average overall profit margin

35%

Average number of sales/month

55

Value of inventory

$35,000 USD

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Business Expenses

I've not invested much in advertising or emailing the past 12 months due to declining health.

Expense item

Cost

Shopify plan

$137.00/month

Subscriptions (ie. Mailchimp, apps)

$10.00/month

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

$75.00/month

Inventory warehouse

$20.00/month

Retail space rental

$800.00/month

Employees (Including contractors and freelancers)

$200.00/month

Domain

$1.00/month

Brick and mortar

This building will start renovations this summer. Lexi and Lou, LLC needs a new store and operations location!

Retail location

410 W Vine St

Ste 269

LEXINGTON, KY

40507

US

Uses Shopify POS

Inventory

Years ago I worked for Target HQ (in Minneapolis) in the marketing and merchandising departments. I have an inventory/supplier strategy that works well and am willing to train the new owner on that strategy.

Located in Lexington, KY

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

lexiandlou

Instagram

lexiandlou

Pinterest

lexiandlou

Twitter

lexiandlou

Newsletter list

200 subscribers

Social media followers

1,000 people

Q & A

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

My employees have been part time students. They may or may not continue to work for a new owner but have been very loyal and reliable.

Why should someone buy this store?

This is turn key - I've poured my heart and soul into this adventure. Lexi+Lou just needs a new owner and location and you will be ready to rock a great boutique!

How can the future owner improve the business?

A new location with increased foot traffic as well as online advertising to drive sales online.

What work have you put into the store?

All start-up expenses, operations and investments.

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

55 hours

$150,000 USD

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