Singapore  Singapore

Sell a Business

Listing ID: 19786 Last Refreshed: 05/08/2020 Total Views: 1054

High-End Fashion Retail Business For Takeover

Central Area

Asking Price: S$500K - 1M
  • Premise Type Shopping Mall Premise Size 258sqft
  • Monthly Rental S$1,600 Rental Desposit S$4,800
  • Revenue N/A 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 N/A
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Teo
Email Owner

Reason For Sale

Exploring other ventures

Description

The business has been established since 2003. Dealing (buying and selling) with top end designer items. Its a niche market but in a challenging environment as a whole due to the sprout of the use of social media or online marketing. We provide the knowledge to operate the business, if necessary or required for the start in the switch over. To thrive in the business in today's internet world, the exposure or the ability to tap into social media eg. facebook, instagram etc, will be an advantage for the new owners. 

If you desire to mix hobby with business in fashion, this will be ideal for you.


We are selling the inventory with the business as whole. Partial inventory is on consignment (20-30%) while the major portion forms the company's assets (estimated around $600k to $650k). The high-end inventory Assets are built up in the last few years, with profits being ploughed back. We offer the know-how into the business to cut short your learning curve to get into the trade, besides providing the ready stock for the operations. We are currently on short-term lease  to allow new owner the flexibility to continue in the same venue or to explore new location when lease is up, if desired.


Reaon for selling the business: exploring new ground/s for a change after more than 17 years in the trade.





Property Information

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Email Owner
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