Overview
Financial Performance
Business Operations & Assets
Business Details
Reason For Sale
Description
1,000 sqft boutique with collections across fashion, kids, home decor, beauty, and lifestyle categories. Located within a heritage shophouse in a popular, prime, and sought-after area, this is a bustling enclave synonymous with great shopping and creative businesses. Our company has enjoyed 6+ years of operations at this address, with consistently high footfall and average spending.
Our e-commerce platform is a fully-fledged online marketplace designed specifically for our business. It boasts a bespoke build that acts simultaneously as our online boutique as well as our POS system. It enables revenue generation, digitised operations management, and an excellent user experience, which provides huge potential for growth across multiple industry sectors. Essential business tools such as customer database management, inventory management, sales analysis, and marketing tools are fully digitised. An integrated POS system allows for smooth functionality and digitised reporting.
Our corporate entity has been active in Singapore for 6+ years. We pioneered premium, multi-label boutique retailing in Singapore and have a reputation as a market leader in this space. Our dual revenue stream strategy, which brings in income from brand partner membership fees as well as consignment fees, was the first of its kind in Singapore and continues to be successful.
What Will You be Acquiring?
1) A tenancy contract in a prime, sought-after retail location.
2) All fixtures, fittings and equipment currently used for business operations.
3) Bespoke marketplace platform, including all licensing and proprietary design assets.
4) Existing contracts for web maintenance, cloud infrastructure, and curated applications that support business operations.
5) Successful social media accounts, including all history and followers, on Instagram and Facebook.
6) Marketing accounts such as Mailchimp, LinkTree, and WhatsApp business.
7) Contracts with brand partners (current amount: 26 on an auto-renewal basis)
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