Singapore

Sell a Business

Listing ID: 5348 Last Refreshed: 24/04/2019 Total Views: 9748

Reputable Multi-Label Concept Store For Sale

Central Area

Asking Price: S$70,000
  • Premise Type N/A Premise Size 807sqft
  • Monthly Rental S$0 Rental Desposit N/A
  • Revenue S$200K - 500K Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2010
  • Owner Role Full Time Staff 5
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Adrian Ang
Email Owner

Reason For Sale

Selling due to reaching a particular lifestage (2 kids), lack of time and funds to bring it further.

Description

One of the few established and reputable multi-label concept stores around. A thoughtfully curated store that carries some of the most sought after local labels. A lot of blood, sweat and tears have been poured into the brand to build it up over the past 7 years.


Was a passion business between the wife and myself, which we no longer have the time to manage and the sales and business performance has hence taken a hit. Hoping to find someone who is keen to build it back up and keep the brand alive as a platform for young brands.


2 prime physical retail locations. Wheelock Place (Orchard Rd) and OUE Downtown (Shenton Way). Very unheard of and favourable terms locked in for this lease.


Featured in numerous magazines and writeups, including the LV City Guide for Singapore. Listed as a must visit if you only have 24 hours in our city state.


Facebook at 16k+. Mailing list at 1k+. Will include website domain, ecommerce framework, POS, social media accounts and mailing list software.


UPDATED : Price adjusted after much planning and recalculation. 

Business Operation

1030 to 2030
Business Hour
Very few similar stores of the same vein.
Competition
Due to the consignment nature of the store and the relationships with the suppliers. One could say there is significant room for expansion.
Expansion Potential
Passion for retail and local fashion and providing a platform for designers to showcase their wares.
Background & Skills

Property Information

Rent
Premise Status
3 years +
Lease Term
Fully fitted with everything to continue operations. Wheelock Place (807 sq ft) and OUE Downtown (900+ sq ft).
Premises Details
Email Owner
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