Luxury Apparel Retailer for Sale in Dubai, United Arab Emirates
Established | 1-5 year(s) |
Employees | 10 - 50 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | USD 1.09 million |
Run Rate Sales | USD 1.63 million |
EBITDA Margin | 20 % |
Industries | Luxury Apparel Retailers + 1 more |
Locations | Dubai |
Local Time | 5:51 PM Asia / Dubai |
Listed By | Business Owner / Director |
Status | Moderately Active |
- 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.
- 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.
- 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.
200 SQM warehouse for online orders in Dubai.
Chiller-free and suitable for luxury items to maintain heat, rent of AED 135K /year.
- Total of 350K, and some late rent payments.
- 150K vendors dues.
- 1 shareholder owns the business now with 100% shares.
-
Earlier than 15 daysCommercial Manager, Real Estate, Mumbai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFinance Director, Solar Energy, Dubai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Clothing, Delhi, Individual Investor / Buyer connected with the Business