Business Overview
- Luxury accessories and clothing retailer with a special focus on luxury accessories.
- 70k+ retail customers.
- We sell big brands at discounted prices.
- AED 7.8 million in sales from 2 years ago to date.
- We make up to 500% gross margin v/s COGS, and 100% on average on each product.
- We have solid experience now on 'What to buy', ' 'How much to buy at', and 'How much to mark up'.
- Broad connection with many vendors from around UAE, Europe, and USA.
- We have achieved an exclusive contract with Sharjah Expo Centre as a Prime Exhibitor with 4,000 Sq. m. ) space (4x times last year) to boost our sales.
- AED 3.2 million (80% of revenue from offline channels), and the rest AED 0.8 million from online sales.
- Of this AED 3.2 million in offline, AED 1 million was just from retail sales in the 17 days of the Sharjah Expo.
- This year we plan to do 4 such events every quarter.
- The offline channel is very profitable and in net profit and the online channel is still struggling with a net loss.
Products & Services Overview
Designer fashion, ladies' designer bags, watches, skincare and make-up.
- Top selling category is lady handbags and they fly off the shelf as soon as we get a new shipment. Guess, and Micheal Kors are just some of the top-selling brands.
Capitalization Overview
- Personal funds, friends, and family.
- Total of 350K, and some late rent payments.
- 150K vendors dues.
- 1 shareholder owns the business now with 100% shares.
Assets Overview
Tangible assets:
- Showroom fixtures like standees, systems, CCTVs, rails & computers, and warehouse fixtures (shelves, and CCTVs)
- Inventory.
Intangible assets.
- E-commerce website called with the same business model.
- ERP ODOO application.
- Flex Amazon account with daily growing sales.
- Team experience with all the above.
The value of intangible assets is AED 500 thousand.
Full Sale
Asking Price:
USD
700 thousand
(Native Currency: AED 2,500,000)
Reason: The owner needs some funds for urgent matter.
Includes physical assets worth
USD
270 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business