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E-commerce and Retail Concept Store for Sale in Dubai

E-commerce and Retail Concept Store for Sale in Dubai

  • BXB Listing ID :

    2330
  • Type :

    Buy Business
  • Business Type:

    Business
  • Business Name:

  • Country:

    United Arab Emirates
  • State:

    Dubai
  • Area:

    Oud Metha
  • Asking Price:

    1,000,000 AED
  • No of Employees:

    3
  • Year Established:

    2012
  • Trade Licence:

    Mainland
  • Business Hours:

    9AM -10PM
  • Real Estate:

    Leased by the Business
  • Lease Terms:

    Annual
  • Lease Terms Description:

    Contract renewed until september 2020, Boutique located in this premises from 2012, So lots of loyal customer visit and buy regularly. Negotiation on process with hotel for new terms for rental agreements from upcoming renewal Also discussion on percentage rental.
  • Size of Premises (sq ft):

    425 sq ft
  • Reason for Sale:

    Decided to sell and plan to go back home with family for career break from corporate & commercial life. Founder is passionate multifaceted skilled fashion retailer, with global brand experience took over the business , past years he did complete homework and research to create idea and concept for niche customers, looking at long term growth and expansion of such concept globally. So interested to handover to right potential business people, fashionista, entrepreneur, emerging groups, business buyers or investors to take next high level.
  • Premise Facilities:

    Lease agreement signed up until Sep 2020
  • Premise:

    Located in 5 star luxury resort in Dubai. Hotel supports on ad.in their premises
  • Information on staff:

    Employees can stay or change its purely new management decision.
  • Information on transition to New Owner:

    Support and training provided first 2 weeks and handover

Business Overview

Founded in the heart of the luxury five star resort in 2012, Successful franchise for signature bangles from swiss brand and established as flagship outlet. Later in 2018, the store converted to concept boutique with unique niche handmade collections by emerging talents from around the world and selling, distributing and wholesale with mainly exclusive brands. Now we have both offline (Boutique) and Online (E-commerce ). HIGHLIGHTS,Founder has successfully managed to identify and collaborated with emerging designers from, Australia,Brazil,China,Egypt,France,German,India,Italy,Indonesia,Japan,Russia,Switzerland,Sweden,South Korea,UAE & UK. Each fashion stories originates from trendsetting emerging designers with unique limited edition, exclusive products related to sustainable fashion. - Re-seller in GCC for Swiss brand with exclusive flagship store in UAE - Signed first authorized retailer of Italian contemporary jewelry brand in GCC. - Signed first authorized retailer,distributor, wholesaler of many other luxury emerging brands - Footfall consists of 70% tourists, 20% hotel residents and 10% would be social media followers.  Top 10 buyers – Arabic, Australia, Azerbaijan, Canada, Europe, Russia, Ukraine, Tajikistan , Japan & India, SA  100+ Nationals walked in 2019 our boutique, with average monthly 33+ nationals walked in  Per day average 20 customers walk in normal days & season 50 per day ECOMMERCE,  In 2019, we created in e-commerce platform and successfully launched in last oct with all brand products uploaded and gateway ,paypal options.  Signed with major e-commerce group as seller on collaboration to sell our brands, and Amazon on process.  Signed with card discounts from famous local emirati community bank cards due to high number of locals walkin our boutique  DHL & Aramex signed account for worldwide shipping  Offline store Duty free tax for customers, signed with local authorized agency.  Pay online and carry from store in UAE facility

Currently Selling Fashion accessories, Shoes, Sunglasses, Watch, Contemporary Jewelry, Leather Goods, Gitts & Suitcase. Also new brands on pipeline to introduce soon are Beauty & Cosmetics, Fragrance, Kids Clothing & Accessories,Sports lifestyle, Swimwear, Pottery & Linen.

CHALLENGES, Pop-up culture for shopping. Sales tied to economic growth. Lack of Arabic speaking staff, which leads to miss sales Unpredictable season. STRENGTH, Sell through up when hotel fully booked for meetings for global people. Strong relationships with hotel , flexibility, and response to special requirements. Excellent and knowledgeable staff, offering personalized customer service. Great retail space with an attractive, inviting atmosphere. Brand supports, Prestigious hang out place for local Emiratis . Cinema Club and convention center inside the hotel pavilion. Sell through high on tourist who comes for honeymoon, staycation, chill outs. Hotel has three type of customers, residence, guest and event people. Online introduced to all walk in customer. OPPORTUNITIES, Expo 2020(1) growth projection Hotel extending new VIP villas, expected opening 2020 end. Distribution of brands. Exclusive store can be opened for brands on 50_50 share in investment. Collaborating with mall stores and boutiques to display our products. Pop-up for brand awareness push. Influencer supports to boost the sales. Franchising the brand in different countries GCC, and Global. Boosting and convert online shopping into marketplace for e-commerce. Collaboration with top e-commerce in region.

 Supports handmade, sustainability, Online market place Emerging talents from around the world or brands.  Long term investment opportunity on ready to run established business, everything set and well placed.  Opportunity for ROI by Online, Rental premium fee, DTC, Popups, Trade Events, Hotel retails, Distribution, Wholesale, Franchise.  Around 16 emerging brands from different country.  3+ brands signed for middle east distribution ship.  Brand support on investments opportunities for our new stores.  Brand can sponsor salary for employees with terms and conditions.  Ready Online e-commerce with all brand products uploaded with gateway payment and PayPal.  Expo 202(1) postponed its not setback, its opportunity to build ourselves stronger in market and expand before it kick start.  Future opportunity for global companies buy out with shares or takeover running successful established brand in market.  Seasonal pop up collaboration with in-house brand partners to expand our brand reach wider audience.  Sell many new category online with our e-commerce.  Ready to start from day one without any disruption while transition.  All social media is created with consistent brand name for search engines, followers etc.

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