Established in 2018 by the current owner, the business has experienced continuous growth year after year as its mission of delivering fashionable quality products at a competitive price has proved to be a successful strategy. Since its inception, the current owner has devoted 20-30 hours a week to the business while being a full-time student. As she begins attending medical school, she is ready to transition the business to an entrepreneurial individual who can continue to grow the business to its fullest potential.
The business could significantly grow under new ownership, as the business provides substantial opportunities such as resuming wholesale distribution, which the owner intentionally stopped at the beginning of 2022 due to bigger orders overwhelming her schedule and capacity.
Seller may consider offering seller financing to the right buyer.
- Accept wholesale orders: Due to the current owner’s busy schedule being a full-time student, the business could grow exponentially under an owner who could be more involved in the business. The current owner has intentionally avoided wholesale distribution because that market has overwhelmed her current capacity.
- Social media marketing campaign: The following of the business continues to grow on social media organically, but a targeted paid social media campaign could accelerate the process of attracting new customers and increase brand recognition.
- Hire a part-time employee: Hiring an employee responsible for the construction and assembly of the jewelry would allow the business to complete bigger wholesale orders and will enable the owner to spend more time in activities related to brand awareness.
Sellers is pursuing a Doctorate Degree.