Unique Concept Online & Instore

  • ID217
  • Sale Price $49,999 + Stock At Value (+SAV)
  • Revenuen/a
  • Net Profitn/a
  • StaffThe owner has one permanent part-time and two casual staff.
  • Adjusted net profitn/a
  • Stock At Value Estimate$33000
  • Date Business Was Established
  • Rent Per Monthn/a
  • Hours of Operation10am to 4pm Monday to Friday. 9am to 4pm on Saturday.
  • Length of LeaseThe lease expires in March 2022 and has a 1 x 1 year option or alternatively a new lease will be issued.

Unique Retail Concept Online and Instore


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Summary:

Summary Representing all Australian Designers, this boutique supports sustainably manufactured garments and is growing on average at 30% plus a quarter with unique styles, a growing online presence, a VIP customer base, and an excellent online footprint. Revenue Conservative Budget 2022 based on past growth $300,000 Net Profit One owner over $70,000 per annum

Potential:

With lockdowns ended and tourism flowing through to Burleigh from interstate and eventually international borders, the store will continue to grow momentum from word of mouth, social media, traffic on the street and continued consistent digital, organic growth. Stock holding can be effectively scaled (they opened on a very low stock holding, so the future forecast expectations are very conservative as stock levels will be much healthier going forward). Further growth will come from digital marketing investments. As more designers come on board with new brands introduced into the store, there are several incredible Australian Designer brands that are consistently requesting to be stocked in this store in a season-on-season capacity.

Skills:

Suit a passionate fashion person as all the systems have been set in place. The owner will offer an in-store handover. The owner will provide a store handbook and procedure manual as well they are happy to spend time sharing their personal IP into future marketing and growth strategies based on their intimate knowledge of the industry.

Reason For Sale:

The seller is highly motivated and has a genuine reason for sale as they currently run multiple businesses that are both experiencing growth and unfortunately is unable to commit to all businesses at once in the growth phase.

Products And services:

History Of The business:

The current owner established this business after identifying a gap for her own favourite labels in the southern Gold Coast area. She comes from over 12 years in retail as a National and State Manager and has been able to develop extremely strong stockist relationships with the selection of brands in store. The store has introduced new brands monthly and has seen a huge uptake in sales and customer engagement. This business has a very engaged customer who responds very well to Instagram marketing and in-store styling experiences. The store has sold through full ranges of styles in under 48 hours and the community commentary is that the store is ‘a breath of fresh air’ in Burleigh. In the first week of October, ahead of the listing of this advert, the business has already achieved more online sales than it did in the entire first quarter of trade. This is a huge testament to the future growth that can be expected over the Christmas quarter and the quarters proceeding it.

More About The Business:

A unique online and boutique concept of representing Australian only designer labels, which sets it apart from anything else in the area. The business is boasting a 30% season-on-season growth.

This growth has been achieved with only organic marketing activities thus far. They have not spent any money to deliver the sales results to date (this is also an opportunity for growth for someone).

Word of mouth is growing quickly and is a large part of their significant growth and will continue to grow in the coming quarters.

The business has a unique position with exclusive access to Australian Designer labels in store, at a very high price point and a strong following and repeat spent from affluent customers.

The business has a high commitment to sustainability – a handful of their labels are designed and manufactured locally here in Australia and almost all labels have been selected due to their sustainable and ethical ratings and commitments.

Online sales increased by 207% in the latest quarter.

Add to this the returning customer rate is extremely high at 16% and they have an increasing VIPs client base earmarked to spend more than the industry averages in the Australian Designer sector.

They have a very strong bricks & mortar presence –the team is amazing at creating a gorgeous omni-channel experience and at engaging return customers.
They have secured a handful of local consignment options (that can be transitioned into wholesale to increase the margins at the new purchaser’s discretion).
Burleigh Heads is an extremely lucrative and rapid growth area to be situated in.

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  • This field is for validation purposes and should be left unchanged.
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