Well Established Bridal Shoe Brand – Primed For Growth

10 days ago

Location:
Sydney - Greater > New South Wales

Investment level:
$50,000 + SAV

Type:
Business

Industry:
Retail > Fashion

Send an enquiry

All personal information submitted by you as part of an enquiry will be used by us in accordance with our Privacy Policy
 

Internal Ref: 2007278

Summary

An exciting opportunity exists to acquire this easy to run online shoe boutique with a great reputation offering many avenues for growth.

Location Details

Currently an online business only, providing the new owner's an opportunity to re-open a retail store as well if desired.

Potential

- Refresh the website and online store with a fresh new look
- Explore the option of adding a physical retail store again.
- Adopt a more direct wholesale approach and recruit a string boutique bridal stores to stock the range.
- Working with the current owner who is returning to China and available to act as a conduit with the suppliers and manage the relationship and deliveries to the new purchaser. The owner is also happy to simply provide a transitional handover if that is preferred.

Skills

No previous experience required

Hours

Currently the owners are only working approx. 5-6 hours a week.

Lease

No premises – currently an online business only

Employees

2 x owners

Approx. 5-6 hours a week.

Reason for Sale

Owners have other family commitments and no longer have time for the business.

About the Business

The business is a well-established brand that has been in operation for over 35 years and is a leading bridal shoe designer and retailer in Australia. The business has a strong online presence, and while a wholly online business now, maintained a retail store in the Sydney CBD for many years.

Past and present owners have worked to ensure that the business is a leading brand in the bridal/wedding fashion industry and has been successful in attaining the role of key bridal shoe supplier to stylists and designers, featuring in regular photo-shoots and editorials in prestigious bridal magazines.

It has built up a large social media following with over 21,000 Instagram followers, over 5,300 on Facebook and online sales through its’ website as well as a range of its products on popular online fashion retail website.

The business has partnered with a new supplier in China which also makes wedding shoes for many leading international and US wedding shoe brands. The quality of the product is excellent and profit margins are high.

Key facts about this bridal shoe business

- Reputation as THE bridal shoe supplier/retailer in Australia
- Many opportunities for growth available
- Easy to run as it currently is, only a few hours a week
- Established relationship with supplier that manufactures quality shoes for premium US Shoe Brands
- Strong social media presence with large followings


For more information on this opportunity, please contact the undersigned:

Mary Hervir
Business Sales Specialist
Mentored Business Sales, Corporate Business Sales & Acquisitions
M: 0414 678 616T: 1800 858 696 E: mhervir@mentored.com.au

For more details go to www.mentored.business and complete our online confidentiality agreement. Use the reference ID 2007278 to search for the business.

Disclaimer:
Due to the confidential nature of the sale, images used may be stock images and not representative of the business for sale. Total earnings, EBIT or EBITDA, includes add backs relevant to the current owners. Add backs may include, owner’s salaries, directors benefits, personal expenses, non recurring expenses, one off expenses, capital costs, depreciation and generally any costs relevant to the current owners.

History

The company was established in 1980 and moved to a prominent location in the CBD in 1990. The business moved to an online only store in 2017 as the new owners successfully concentrate their efforts in establishing a relationship with a new supplier in China who also manufactures shoes for premium US Show brands.

Share this business

Find out more at the Mentored Business Sales Info page
Similar businesses
More by this Advertiser

Share this Ad


Cancel

Report this Ad


Cancel