Vexus is exclusively retained to find a purchaser for this market leading and successful Costume Retail and Rental business.
For 9 years, our client has provided a range of high quality and varied costume, accessories and entertainment products in the UAE and GCC. The business is owned and operated by the existing British management out of their two retail stores which is approx. 2,750ft2. and via their online store. The business is based in the UAE with a broad range of trade license categories and has GCC wide opportunities including distribution and manufacture. It has developed a strong brand and offers excellent supplier relationships. The customer base includes the general public, events, hotels, media and the film industry. It is in the process of opening a new store to broaden its Customer base. The business has audited accounts since start-up and the sponsor is a business support company that will allow full change of ownership. Vexus has received instructions to find an acquirer who can take this well-established business forward.
“Excellent expansion potential plus franchising opportunity”
Our client seeks the outright sale of the business. The anticipated purchaser will use the platform created to take this business forward and to the next level. The acquisition of this business offers a unique opportunity to enter or expand within a specialist niche retail sector.
Trusted brand established for 9 years
Strong brand with good media relations
Market leader in entertainment costume sales & rentals
New store opening in Film and Media hub
Includes established E-commerce
UK Business License and freezone included in sale
High & Sustainable gross profit margins
Strategic partnerships within the industry
The Company has no debt
Potential Franchise Opportunity
Independent Business set-up
Trained staff and administration
Reason for Sale
The business has been successfully operated by the existing management for the past 9 years. Our client is now relocating outside of the UAE; therefore, are now seeking a suitably qualified and experienced trade purchaser who can grow this business and maximise the market opportunity in its existing retail format and extend of the manufacturing and distribution possibilities our client has created. A handover period can be provided for a duration to be agreed.
Offers in excess of £550,000 to include stock value of £350,000.
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