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Listing ID: 2309 Total Viewed: 1115

Established Online And Offline Fashion Retail Business For Sale (Sold)

Central Area, Singapore

Asking Price : SGD50K - 100K

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: Not Disclosed

Gross Profit: Not Disclosed

Inventory: SGD30,000

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: SGD70,000

Staff: Not Disclosed

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

***NOT included in asking price

Reason To Sell
Bad Management
Business Description

Emcompassing both Online and Offline retail.

For sale due to bad management.

Prefer to sell to someone with good management skills and have always want to start a fashion retail business with some experience related to the retail business. Not suitable for those new or seeking to explore the retail side of business as you do not know what to expect and what to anticipate within the retail scene.

Deposit held with landlord 27k, you can take back after hand over.

Low start up cost, as you can factor in store's renovation (70k) and deposit.

Cost to set up e-commerce.

Customer acquistion cost which you can also take into consideration. Database of 10k+ email subscribers.

Inventory about 20-30k worth. (cost of goods can mark up about 5x because of established brand presence and location of retail store).

Lease ends in October 2016, perfect for those who want to try retail environment before actually commiting to a 3 year long lease with Capitaland.

It will be easier to get retail space in future because those Capitaland agent will let you know first hand news when they have available space in their other malls.

What included in the sale:

Existing retail outlet at Bugis Junction 514 sqft (Rental $9900 a month with 1% GTO, cheapest if you compare with other shops in Bugis Junction).

E-commerce website

Current inventory with over 1000 SKUs

Zalora's merchant account

Facebook account (19k likes)

Instagram account (1000+ followers)

Mailchimp account (10,000+ subscribers)

Profitbility is based on consistency and updating frequently.

For marketing online, you have to be at least familiar with SEO marketing, sending newsletter and creating ad campaigns.

If you are not familiar with the above, you will most probably need to hire someone who is familiar or pick these skills up as it is essential.

As retail focus is shifting to the online environment, after sale support will be provided as long as you have any queries about the business environment. It will be best to encompass both online and offline to provide an omni-channel experience for customers.

However, as my focus shifted to another industry, we do not update as often online.

The business is run by 2 co-founders. We are very familiar with the retail environment any support within our knowledge we will assist.

1 partner is currently under scholarship with retailer's associations of Singapore. And another partner will be furthering her studies in management.

Property Information
Premise Status:
Rental Fee:
Rental Deposit:
SGD27,000 (included in selling price)

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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