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Profitable Specialty Retailer for Sale in Singapore

Vintage luxury concept store with strong industry connections average walk-ins of 30-40 per day.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 400 - 500 thousand
Run Rate Sales USD 445 thousand
EBITDA Margin 40 %
Industries Specialty Retailers + 1 more
Locations Singapore
Local Time 6:02 AM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 334 thousand (Native Currency: SGD 450,000)
Reason: Owner is moving out of Singapore, hence wants to sell the business.
Includes physical assets worth USD 260 thousand
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Business Overview
- Established 6 years ago, the boutique has gained recognition as one of the top vintage luxury concept stores in Singapore.
- Featured in prominent fashion magazines and blogs, like Female, Honeycombers, Tatler Asia Business times and Timeout magazine.
- Specializes in selling vintage luxury clothing and accessories, with a focus on high-end brands such as Chanel and Gucci.
- Additionally, the collection includes a wide selection of costume jewelry and fragrances, providing a diverse range of products to cater to various customer preferences.
- Situated in the heart of the Joo Chiat area, the boutique attracts a mix of local Singaporean customers, expats, tourists, and holidaymakers from Australia, the USA, and Europe, leveraging its prime location to capture a diverse customer base.
- In addition to retailing luxury brands, the business also features a takeaway bar with regular F&B and liquor licenses, which generates a small portion of their revenue.
- The owner's 12 years of experience working for Gucci has facilitated strong connections within the luxury fashion industry.
- Receive about 30-40 average walk-ins per day in the store on the weekends.
- We employ part-time workers in our store from time to time as the need may be to keep up with the demand.
- Our products are mainly imported from Italy from one supplier with whom we have a strong exclusive connection.
- The business has a regular F&B license as well as a liquor license.
Products & Services Overview
- Products are vintage luxury clothing and accessories with a focus on the high-end brands from Italy and France like Chanel, Gucci, and all top brands.
- Best-selling products are Chanel bags and Women's jackets.
- Our collection also included a huge selection of costume jewelry and fragrances.
- Also includes a take away bar serving authentic Italian food and alcohol.
Assets Overview
Buyer will get all stock in inventory worth about SGD 300,000.
Buyer will also get all furnitures, like racks shelves and cabinets with lights, storage tools, kitchen furnitures as well and a tiki bar counter worth around SGD 50,000.
Facilities Overview
- The boutique is located on the ground floor of a typical shophouse, newly renovated, and keeps the characteristics of old Singapore which attracts lots of people.
- The store spans an area of 1,300 sq ft.
With a monthly rental of SGD 6,000.
- Located in an area prime for a nice shopping experience along with multiple restaurants and hangout spots nearby.
- The rental contract will expire at the beginning of next year, with the chance of renegotiation at only 10%.
Capitalization Overview
Business is completely self-funded.
Sole -proprietorship owned by the owner and founder of the business.
No debts or liabilities.
Recent Activity
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7 Buyers already contacted this Business. Register below to connect now!
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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