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Listing ID: 779 Total Viewed: 8246

Brand New Designer Bags Store For Take Over

Central Area, Singapore

Asking Price : SGD200K - 500K

Revenue: SGD50K - 100K

Cash Flow: Not Disclosed

Payable: SGD0***

Established: 2010

Gross Profit: SGD5K - 10K

Inventory: SGD200,000

Receivable: SGD0***

Owner Role: Full Time

Net Profit: SGD5K - 10K

Liability: SGD0***

FFE: SGD10,000

Staff: 2

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

***NOT included in asking price

Reason To Sell
Owner is relocating
Business Description
  1. Unique Business Proposition

    We have a business that all women would love to manage. We sell brand new designer handbags and accessories and have access to current season items from big European fashion houses with the likes of Prada, Celine, Saint Laurent, etc.

  2. Ready Made Outfit
    Although we are in the business of glamour, kicking start a business is never easy. We are looking at registering a company, dealing with the dirts of finding suppliers, trustworthy staff to look after these valuables, dealing with the government bodies, engaging company secretary, and most importantly establishing a brand name in the market and collecting your client base. What we are offering right now, is an opportunity to avoid the hassle, and jump right into doing business.

    Brand Name

    Being a newbie in an established industry is no fun at all. We give you an opportunity to enjoy the flawless branding we have established over the years. In our business, it is important to be able to get clients’ confidence in our products. We have never been engaged in any legal suits or any runs with the law.

    Suppliers

    We have a pool of trust worthy suppliers from which we get our stocks from. Being 4 years in the business and selling more than 2,000 absolutely authentic bags. We will share with you all our contacts, and other trade secrets of the business which we are confident that even our smaller competitors in the market are not privy to. Skip all the travelling & searching, and uncertainties of foreign suppliers.

    Shop Space

    We have been located in town since 2010, and have a loyal following already. Good for their walk in, we have secured a shop space with minimal rental cost. The shop is well equipped with all the necessities including anti-theft system, CCTV, backroom, etc. You can simply just walk in and start to do your business.

    Customer Base

    We have thousands of customers in our base collected painstakingly over 4 years. These are hot leads, and include clients who have bought from us before or are interested in buying bags in general.  This base has also been screened for the recent DNC and all have agreed to be part of our mailing list.

    Facebook followings

    We have a very active Facebook community with fans from mainly Singapore, as well as other countries in the region. To date, we have collected about over 30K fans which have been obtained via word of mouth as well as paying for Facebook ads.

    Website

    The website has been put up by a professional IT company, and is easy to manage through a backdoor portal. Inspired by world renowned online sites, we maintain our site to be simple and clean cut.

    Staff

    Getting trustworthy staff is not easy, especially in our kind of luxury business. We have staff that is well trained in the products that we sell. They are also trained to manage our social media sites.

    Well Priced

    With a complete infrastructure as mentioned above, we are asking for very reasonable goodwill. This is meeting the bare minimum of the costs that we have put in to build up the business. In other words, you would also need to fork out such funding if you were to set up the business from scratch. But now, you can skip the effort, tears, and time and jump start to manage your own business.

Business Operations
Business Hour:
12-9pm
Preferred Skills:
NA
Supporting and Training:
Full support and training
Staff:
2 Local
Property Information
Premise Status:
Rent
Premise Size:
180sqft
Rental Fee:
SGD2,500
Rental Deposit:
SGD5,000 (included in selling price)
Lease Term:
2 years
Premises Detai:
We have been located in town since 2010, and have a loyal following already. Good for their walk in, we have secured a shop space with minimal rental cost. The shop is well equipped with all the necessities including anti-theft system, CCTV, backroom, etc. You can simply just walk in and start to do your business.
Relocatable:
Yes, it can relocate to other place
Home Base:
Yes, it can work at home
Other Information
Facilities:
Includes full inventory and furnitures
Competition:
Several well established competitors in the market.
Expansion Potential:
Depending on preference of buyer, company can be expanded and also to include wholesale that can be operated from home.

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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