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Apparel Store for Sale in Seoul, South Korea

For Sale: Fashion tech shopping app & platform with 3,000 fashion retailers, currently not operational.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Apparel Stores + 1 more
Locations  Seoul
Local Time 5:23 AM Asia / Seoul
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 4.2 million (Native Currency: KRW 5,000,000,000)
Reason: Have another business to run so unable to devote time to this business.
Includes physical assets worth USD 42 thousand
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Business Overview

- In-house developed mobile app and an online portal for fashion and shopping.

- Version 1.0 of the mobile app was available for download on the Google Play Store until last year and it was discontinued. New 2.0 app will be launched on Google and Apple App Store in mid of this year.

- Platform includes more than 3,000 online retailers and 5+ million product details.

- We offer one-click fashion shopping, content, community mobile portal service.

- Platform offers similar product search service in 1 second with photos, customized product recommendation service with artificial intelligence, fashion style information.

- Product has a CBIR search engine and a suggestion feature for the artificial intelligence product.

- Company is a member of the Artificial Intelligence Association and has won Korea good app shopping field grand prize.

- Provided the service for free so far through the 1.0 app. From 2.0 app, we will generate full-scale sales with a new revenue model.

- There is no product sales fee. Revenue is from product advertisement.

- Separate profit model could be added by selling various event products. and by providing big data analysis information.

- Goal is to have $50 million dollar revenue within 5 years, 20 million users, become unicorn corporate, Asia top 5 fashion shopping app.

- Plans to expand into Indonesia, Vietnam, China, India, Japan, Europe, and the United States.

Products & Services Overview

AI-based online portal and mobile app for fashion stores and customers with unique features such as image search, artificial intelligence product recommendation, data collection tool.

Assets Overview

Assets include the service platforms, image search engines, 7 million product big data, list of 3,000 shopping centres, artificial intelligence solutions, apps and 100% company ownership.

Facilities Overview

Leased office space of 115 sq ft with 4 floors.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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