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$56,000 USD

Soho South Imports

sohosouthimports.com

Appears in Fashion and apparel , Alabama, Inventory, Business and Franchises under $100,000, United States, Jewelry

General description

Soho South Imports has been supplying quality gemstone, sterling silver and pearl beads since 1988. We are a direct importer from China and India and have loyal, trustworthy supplies with whom we have been doing business for many years. We supply better quality gemstone beads to jewelry makers, mostly in the US. Our list of customers includes independent jewelry makers, hobbyists, and jewelry makers who manufacture in volume and supply to retailers.

Our product line also includes my handmade jewelry. I would be open to drop shipping my jewelry items for a new owner, but that is not a requirement of the sale of my website.

It is time to retire! I am volunteering at various local organizations and am ready to sell my business and devote more time to these organizations. I am also an independent jewelry maker and want to spend more time on my own creations.

Financials and traffic

I am finding myself less interested in running this business after 30 years and sales and profit have dropped in the last 2 or 3 years. I do have many repeat customers and feel that the business could be easily regenerated by a new enthusiastic buyer.

Mark ups on items run from 2 x wholesale cost to 4 x wholesale cost. Product sales are best generated by either introducing new products or by running special promotions.

Average profit/month

$600 USD

Average overall profit margin

35%

Average number of sales/month

9

Value of inventory

$25,000 USD

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Business Expenses

Monthly costs are extremely low. Advertising at this time is done strictly using Mailchimp for email marketing. We use unpaid Facebook and Pinterest marketing as well.

Expense item

Cost

Shopify plan

$69.00/month

Subscriptions (ie. Mailchimp, apps)

$30.00/month

Domain

$2.00/month

Inventory

Inventory is imported components for professional and hobby jewelry designers. These components have unlimited shelf life and are not adversely subject to market or fashion trends.

Located in Birmingham AL

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

sohosouthimports

Pinterest

ssimports

Newsletter list

2,200 subscribers

Social media followers

1,100 people

Q & A

Why should someone buy this store?

We have 30 years of history with Soho South Imports and many long term customers. One single email per month generates enough revenue to pay all expenses. Each additional email starts bringing in profit. A new more enthusiastic buyer could start making profit immediately.

How can the future owner improve the business?

A new owner who is more interested in engaging in social media advertising could easily bring in new customers and new revenue. I usually get out only one or two (and sometimes ZERO) email campaigns each month because I don't want to do this anymore.

What work have you put into the store?

Everything for the business is set up already. New product photos have been done in the past year. We have a good solid email list which produces results. We have long term manufacturers and suppliers in place.

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

10 hours

$56,000 USD

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