Silver and Gemstones Retail Accessories Brand Singapore
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For Sale and Rent

Silver and Gemstones Retail Accessories Brand Singapore

Listing Number:

  • 065-01-04-002

Asking Price:

  • SGD 290,000

Retail Clothing / Fashion Accessories
Central Central Area Orchard Road

Business Details

Company:

  • A SGD 55,000 Limited Liability Company is included in this sale offer if required.

Current Staff:

  • 2 Full-Time Salaried

Licenses:

The following licenses are included:
  • Other

Average Monthly Electricity:

  • SGD 40

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease).

Rent:

  • SGD 4,300 per month. Payable monthly in advance

Security Deposit:

  • SGD 12,900.

Connected Utilities:

  • Power

Stock:

  • Stock at the time of settlement is Included in the asking price

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This prime location ladies accessories shop specializing in silver and gemstones jewelry was established in 2014. Its Lucky Plaza location on Orchard Road ensures a great flow of customers year round. To complement the business however, the company also has great online presence and exposure. They have an ecommerce website which accounts for sales globally, are featured in many media publications like Expat Living, JPlus, Harper's Bazaar and the like, and is active in social media via Facebook, Instagram and PinIntrest. Their products are also sold through Reebonz, Lazada and Amazon, and all of these online accounts will be transferred to a new owner. The Singapore registered company and the customs permits will be transferred also.

Another strength of the business is that they have a growing number of stockists in prime locations such as Marina Bay Sands, Wisma Atria, Raffles, OUE Mall, etc. Further expansion of these sales channels can only have a positive affect for the company.

Price includes stock on hand at the time of settlement (approximately SGD 120,000) and the security deposit lodged with the landlord of SGD 12,900, which is refundable upon expiration of the lease.

This business is currently breaking even at the moment in terms of net profit, but has fantastic growth potential and would be best suited to a like-minded business person looking to expand their similar or complementary business line. It would also be suitable for a person looking to diversify their business interests or simply, a young working person with motivation and drive to succeed.

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