FAMOUS FASHION BOUTIQUE FOR MEN FOR SALE IN TOP MALL IN ABU DHABI

• BXB Listing ID :

  3115

• Type :

  Buy Business

• Business Type:

  Business

• Business Name:

• Country:

  United Arab Emirates

• State:

  Abu Dhabi

• Area:

  Other/Not Disclosed

• Asking Price:

  1,500,000 AED

• No of Employees:

  2

• Year Established:

  2001

• Annual Revenue:

  2,400,000 AED

• Annual Net Profit:

  518,000 AED

• Trade Licence:

  Mainland

• Inventory Value:

  800,000 AED

• Business Hours:

  10 am – 10 pm Saturday to Wednesday; 10 am – 11 pm Thursday & Friday

• Real Estate:

  Leased by the Business

• Lease Terms:

  Annual

• Annual Leasehold Rent:

  475,000 AED

• Size of Premises (sq ft):

  1,380 sq ft

• Reason for Sale:

  Owner is relocating to home country

• Premise:

  Storage size: 376 sq.ft

• Information on staff:

  Trained and experienced employees

• Information on transition to New Owner:

  Support will be provided during the transition period.

• Debt Free

• info@bxb.com

  REVEAL PHONE NUMBER

• info@bxb.com

  REVEAL EMAIL ADDRESS

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Business Overview

This profitable men's clothing and accessories boutique is located in one of the most crowded malls in Abu Dhabi. Located in the heart of the capital, this Mall is one of the most popular city destinations with great footfall throughout the year and easy transport access. The brand is one of the most popular choices for expatriate residents and tourists for men shirts, suits, casual wear, coats, footwear and accessories. The brand was established in the 1950's in Italy and is known worldwide in the medium to upper price range. The business is officially registered as the sole agency for the brand in Abu Dhabi. The shop has a fantastic location in the mall close to main escalators. The total size of the retail space is over 1,000 sq.ft with a spacious storage area of nearly 400 sq.ft. The shop is elegantly decorated to match the brand requirements. The business has proven financial performance and growth. All reports are available for potential buyer’s to review. Two experienced sales consultants will remain in the business who excel in customer care. This business has great opportunities to expand by adding new branches in other malls in Abu Dhabi as well as in other Emirates and GCC countries. The revenue can be increased significantly by introducing an e-commerce site and sales via e-commerce fashion platforms. The current owner will provide the new management with full support during the transition period.