Summary
Retail accessories boutique in High St Armadale Melbourne. Clean open design, large premises 125sqm with bathroom and car parks. 1 owner 21 year successful business with high profit margins.
Revenue
$315,000 pa
Location Details
High St , Armadale
Located in the centre of the High End Fashion and Bridal district, High St Armadale Melbourne. Known for its luxury, bridal and fashion shops, it is close to 10 Bridal Boutiques, Zimmerman, Scanlan & Theodore, Bottega Veneta and Mecca to name a few.
Potential
Every new business owner wants to improve the venture that they buy. This business is successful but has an underutilised web page, database and social media presence. With the right marketing this high profit margin business has room to grow exponentially in all areas, specifically online, with the custom shoe range or tap into the fashion retail location.
Use the existing business and brand to support or kick start your own. The huge open style boutique is a rare find and had ample space to support a clothing, homewares or other venture.
Skills
This business would ideally suit someone with retail design or styling experience. Alternatively an investor who wants to capitalise on marketing it, for exponential retail and online growth. Fully operational and mostly automated back end with detailed and easy to follow video procedures. The webpage is fully set up with complete SEO and ongoing help to learn procedures and systems is available This business is ready to run and grow under new management. Alternatively use it as a strong foundation to develop your own business from.
Hours
Currently running Monday to Saturday 5.00 pm
Seven day trading is available,
Lease
Long lease is available, can be renegotiate or relocate.
Employees
The business has currently been running with two staff members and VA's six days a week.
It can also be owner operated, and in past years has had 4 casual staff members.
Reason for Sale
After some serious health issues 23-24 and new interests it's time to move on and let it flourish in new hands after running it for 21 years.
About the Business
This multi award winning Fashion and bridal accessory brand has evolved over its successful 21 year life span. Developed by one owner, it has a highly established reputation among the Melbourne Bridal, and Fashion market alike. Known for its vast range, quality products and helpful service. It's the leader in bridal and evening accessories and the go to destination for brides and high end fashion forward ladies. This multi faceted business offers the new owner a lot of opportunity to focus growth in various parts of the business, all of them or as a strong launching place for your own business venture.
This retail shop has an admirable reputation, located in the centre of High St Armadale. You also have the option to tap into the bridal and fashion district with 10 bridal stores, and boutiques like Zimmerman, Camilla and Marc, Scanlan & Theodore, Bottega Veneta and Mecca to name a few only steps away.
Offering a newly revamped 2024 bridal shoe range, catalogued and ready to promote with marketing material both digital and in print. You get all supplies contact details to continue the rare and highly sought after custom shoe service or ready to wear range. Working directly with O/S manufacturing offers huge potential to grow exponentially. Create your own range, W/S or retail the shoes, which can also be made in many colours if wanting to expand into fashion shoes.
You get all contacts and connections including suppliers and manufacturers to continue sales or use your own designing skills to develop your own products.
(Instagram, 20.6k, Tik-Tok just started, Facebook and Pinterest all set up ready to plug and post).
Full webpage with instructional video of how to continue it yourself) and full product imagery 1000s of images and video ready to be recreated in your style.
History
The history of the business has spanned 21 years, first located in Camberwell, then Prahran, and finally settling in Armadale as one of the few thriving shopping strips remaining. It has won awards for over a decade with pieces from the range adorning many celebrities during its life and also featured in Paris couture fashion week. It has always had a strong bridal client base and known throughout the street as the go to destination for fashion accessories and unique styling service.
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