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Italian Kids’ Clothing Franchise

Italian Kids’ Clothing Franchise

  • Listing ID :

    1065
  • Type :

    Buy Business
  • Business Type:

    Business
  • Business Name:

  • Country:

    United Arab Emirates
  • State:

    Dubai
  • Area:

    Mirdif
  • Asking Price:

    5,000,000 AED
  • No Of Employee:

    34
  • Year Established:

    2013
  • Business Licence:

    Mainland
  • Net Assets:

    4,800,000 AED
  • Inventory Value:

    1,493,000 AED
  • Trading Hours:

    10 am to 10 pm
  • Keywords:

    Kids, baby, toddler, apparel, garment, Italian, mall, retail, clothing, franchise, shop, children
  • Real Estate:

    Leased by the Business
  • Lease Terms Description:

    3 years lease. The leasehold rent for the 5 locations is as follows: - Arabian Center - AED 389,977 average leasehold rent per annum including service charge and marketing fees - Dubai Outlet Mall - AED 396,208 average leasehold rent per annum including service charge and marketing fees - Dubai Mall - AED 984,663 average leasehold rent per annum including service charge and marketing fees - Yas Mall - AED 386,270 average leasehold rent per annum including service charge and marketing fees - Al Ain Mall - AED 419,790 average leasehold rent per annum including service charge and marketing fees
  • Size of Premises:

    7,525 sq ft
  • Reason for Sale:

    The owners are occupied with other businesses
  • Premise details:

    The size of premises varies from 1120 to 2142 sq. ft. for each shop.
  • Information on staff:

    Well-trained and experienced staff, 3-4 sales executives in each shop + 1 shop manager, 1 brand manager, 1 business development manager, 1 driver, 3 office executives
  • Information on transition to new owner:

    Transition support would be provided for up to one year

    Business Overview

    This business includes the exclusive franchise of an Italian kids apparel brand in the UAE as well as 5 shops across the country. The brand was established 30 years ago in Italy and has stores in more than 650 locations worldwide. They have already established their brand in the local market with four newly opened shops within three years. The largest store in the UAE is located in Arabian Center (200 sq. m) and the other branches are located in Dubai Outlet Mall, Al Ain Mall, Dubai Mall and Yas Mall in Abu Dhabi. Another two prominent mall shop locations have been booked - City Centre Al Zahia and Al Khail Avenue Mall. The brand receives new proposals regularly from Meraas and MAF for opening new stores at various locations. The business includes all 5 operating shops within UAE including the fit out, Italian furniture, CCTV, POS, anti-theft systems, professional accounting and inventory software interconnected between the shops and the office as well as the local brand website and social media accounts. The shop leases are prepaid for 2-3 months and the price includes the security deposits for each location. The company staff is well-trained and experienced. The brand enjoys an excellent response from their loyal customers. Having developed great relationships with the Malls, the brand has been approved by most of the large retail developers in the UAE. The advantages of acquiring the business include an established structure and set up for smooth operation. Also, business intelligence to support the strategic decisions taken for brand development. With four years of operation on the local market, the business has understood how to cater to the relevant product categories to suit local customers. The business is ready to take off after some of the most important and challenging milestones have already been achieved. Another advantage of this brand is that they don’t incur any franchise fees other than the purchase of stock.

    Clothing for kids from 0 to 12 years old

    5 shop premises in the following locations: Dubai Mall, Dubai Dubai Outlet Mall, Dubai Arabian Center, Dubai Yas Mall, Abu Dhabi Al Ain Mall, Al Ain

    The business has well-established connections with the largest retail developers and has already booked two new locations in malls under development. Main competition: Okaidi, Gymboree, OshKosh, Tape A’leil

    Established brand on the local market 5 retail shops in major shopping centres Two new locations booked

    DISCLAIMER

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