Singapore  Singapore

Post Ad
Listing Id: 31140 Last Refreshed: 02/04/2024 Total Views: 1038

Profitable Multi-Channel Retailer Seeking New Owner - Act Now!

Central AreaApparel StoresFashion Accessories StoresJewelry Stores
Asking Price: S$400,000(Neg.)
Business For Takeover
Look For Investor
Look For Partner

Overview

  • Premise Type Commercial Street
  • Premise Size N/A
  • Monthly Rental N/A
  • Rental Desposit N/A
  • Revenue S$500K-1M
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Broker

Reason For Sale

Owner wants to focus on other commitments

Description

20+ years of experience in the fashion and retail industry within Europe and Southeast Asia. 11 years of tenure in Singapore, with 9 years dedicated to creating businesses in this market. Buying and merchandising expertise on all tiers of the retail industry, from luxury through to premium High Street (notable brand relationships: Chanel, Estee Lauder Group, Ted Baker). We founded our company after spotting a major gap in the market: a premium multi-category boutique with a curated selection of Singapore-based designers and brands.

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)

Send Enquiry
Please send enquiry in English
Your Name*
Mobile Number*
Email*
Message
Advertisement
/

Just a moment... we are processing the request