UNDER OFFER - Online Retailer of Millinery Supplies, Dance Fabrics, Trimmings, Feathers and Embellishments - Bayswater, VIC

Melbourne VIC · Clothing Retail

Last asking price $160,000

Sold December 2024

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Servicing the dance, millinery, and entertainment industry, the business also has a retail shop in Bayswater, Victoria, shipping orders Australia wide and Internationally.

Business Highlights:

-Predominantly online so this business can easily be relocated

-Established in 2010 and one of the largest retail supplier in this niche market

-Sells direct via website, in-store, eBay & Etsy

-Newly renovated 300m2 premises with all new office fit-out, lighting, 6 x heating/cooling units, wiring etc.

-Approx. 40 min drive from Melbourne CBD

-Rent $36k/pa plus outgoings approx. $6-7k/pa

-Vendor owns the building so flexible with lease terms

-Sale includes all display units, cabinets, shelving, scales, storage containers, packaging, 5 x computers, 3 x printers, fabric rolling machine plus related and equipment (total value over $20k)

-New website launched in 2020 worth over $50k and stock value over $500k

-The new website is really effective and SEO-friendly with the capacity for growth and operate multiple sites/locations if needed

-Client database includes over 16,000 clients with emails, plus more than 7,500 email subscribers

-Excellent relationships with local & international suppliers

-Marketed through Google, Facebook, Instagram, print marketing with industry magazines and events, and also advertising on TVs in local supermarkets

-Clients include designers, hobbyists, schools (dance, primary, high, TAFE), production companies (TV, movies, stage), event organisers, manufacturers etc.

-Staff: 1 F/T, 2 P/T, 5 casuals + owner (who works part-time)

-Trades Monday to Friday 10am-5pm and Saturday 10am-3pm

-1 month training + further support for up to 2 months or more if needed

This business would suit someone in the industry and/or passionate about design and costumes. It is perfect for a buyer seeking an online business, who wants to work for themselves. The hours are flexible as there is a fantastic team in place who are keen to support new owners. Current owners are selling to pursue other interests including travelling long term.

Price: $160,000 + SAV