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Luxurious Designer Wedding Dress Boutique And Lingerie Business For Sale

Surin Beach, Phuket
Asking Price:
$327,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
Under $100K (USD)
Cash Flow:
Under $50K (USD)

Reduced sale price from 14.9 million THB / $448,000 to 10.9 million THB / $327,000 for a quicker sale.

This Company has been in business for 4 years and trading for 3.5 years, with excellent business expansion potential. This business has a history of fantastic customer feedback and a renowned reputation, not just locally but also in national and international media.

There are 3 layers to the business; the 1st is the main boutique that retails highly sought after designer brand wedding dresses and wedding accessories, imported from the worlds leading brands. We have many international customers as well as local customers. This was the first international brand wedding dress boutique established in Thailand, making this Company the leader and pioneer in this retail sector. Current stock is offered to customers for purchase only, however with some highly sought after vintage gowns by big name brands, this business can easily expand into the rental gown and/or wedding photographic industry. This also includes a responsive multi-lingual website, social media accounts and exclusive email accounts/domain names.

The 2nd is the side boutique and fully optimised multi-lingual E-Commerce website retailing designer brand lingerie and swimwear, also imported from the worlds leading brands. Online sales offer worldwide shipping with huge growth potential. The lingerie branch of the business has been established for two years and trading 1.5 years. The e-commerce website was the first multi-brand, high end lingerie website to be established in Thailand - with increased online sales purchasing trends within Thailand, it is well placed for future online market dominance. The lingerie brands are exclusively sold by the business within Thailand.

The 3rd part is the competitively priced accommodation of two guest bedrooms, both en-suite, that are situated above the boutique with it's own separate entrance. The rooms are included in the monthly boutique lease fee and the income from the guest rooms off-set this fee effectively making the ground floor retail space, lease free. The rooms are listed on all major hotel booking websites with excellent reviews and high ratings. Booking.com 8.6 out of 10 average score, Air BnB 4.6/5 rating. The rooms have been trading one year with many advanced bookings for high season.

Selling due to family commitments and a possible relocation abroad. We have reduced the price by 4 million baht/$120,000 for a quicker sale. The current owner can stay on to consult for an agreed term to ensure a smooth and successful handover to the new owner. A special operations handbook will be provided for guidance. The new owner will be introduced to key vendors in the wedding business who share a strong relationship with the boutique. Work permit is available for Non-Thai owner/staff.

The business is currently located in Phuket but all assets and inventory can easily be relocated to Bangkok or elsewhere.

The sale includes all stock, furniture, fixtures, fittings and intangible assets. 12,395,000 THB/$365,000 value. Sale also includes the Ltd Company.
Property lease (120 square metres) is 39,000 THB/month - offset by leasing guest rooms. No deposit required, one months notice needed for termination of the lease if you wish to relocate the business.
No debt or loans attached to the business.
All financial figures and asset/inventory lists are available on request for serious buyers only.

Further information available upon request, please contact seller below for more details.

Property information

Real Estate:

Lease

Lease Terms:

3 year lease - 1 year 9 months remaining. Lease fee 39,000 THB/month includes with-holding tax. No security deposit held by landlord. Lease may be ended with one months notice by tenant. Lease may be extended for another 3 years (rolling basis) once current lease term has ended, lease fee will remain the same.

Leasehold Rent:

$13,800 (USD) per annum

Living Accommodation:

Upper bedrooms are currently rented as guest rooms but one or both can easily be used as owner or staff accommodation.

Location:

Prime high street location close to Surin Beach, Phuket.

Premises Details:

225,000 THB, excluding materials spent on renovating the current boutique. Upper bedrooms 25 square metres each (excluding balcony). Main boutique 60 square metres with steps and entrance to elevated side boutique of 10 square metres. Ample wall space for large billboards - currently three displayed.

Size in square feet:
1,300
Planning Consent:

Modifications to any part of the boutique/bedrooms can be made without prior consent of the landlord.

Business Operation

Expansion Potential:

Second store is easily established in a separate location at minimal costs.

Competition / Market:

No local competition.

Reasons for selling:

Family commitments and move abroad.

Trading hours:

Monday-Saturday 10:30 - 18:30.

Employees:
2
Years established:
4 years

Other Information

Support & training:

Current owner will provide all necessary training and support for a pre-determined length of time when handing over the business to the new owner.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner financing to be discussed directly with seller/buyer.

Website:
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Relocatable:
This business can be relocated.

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