High End Niche Formal Wear Retailer – Perth, WA

Description

MULTIPLE INCOME STREAMS – LIMITED COMPETITION – UNBEATABLE LOCATION

This is a fantastic niche business with high demand, 5-star reviews, and unlimited growth potential. The Gown Gods is an easy business to run – either hands-on or under management – and the very generous package includes 3 month’s rent-free!

•  High-end retail business providing a sought-after in-person experience
•  Either selling or hiring ball gowns and formal wear – a very niche market in Perth
•  Launched by the owner in July 2022 – Consistent revenue performance since launch, demonstrating proven market demand
•  Main market includes particularly Year 12 school balls. However other market targeted are gowns for non-traditional weddings, bridesmaids, engagement parties, Quinceañeras, university balls, charity balls, formal events, dinner dances ect.
•  Option to purchase floor stock garments, special order brand-new garments or rent from our floor stock – over 300 samples in-store for customers to try on
•  Further income streams from retailing clutches, garment bags, and accessories
•  Standout location in Malaga, facing Alexander Drive – approx. 35,000 passing cars daily
•  Spacious 246 sqm premises split into two sections:
•  Front: Fully furnished showroom, 6 change rooms, custom front desk, studio lighting, air conditioning
•  Rear: Fully furnished staff room, private toilet, gown storage, area for handwashing hired gowns, rear roller door access, car parking, and automatic security gate
•  Huge cost and time savings by being able to clean hire gowns in-house
•  Very few competitors – The business ranks highly on Google with excellent reviews, and the owner has made a high level of investment in professional SEO for the website and domain
•  Fantastic assets included: 6 change rooms, installed flooring, 11 mirrors, studio lighting, security cameras with live phone access, alarm system, main website, and additional Shopify website
•  Strong social media presence: Instagram (4,400 followers), TikTok (4,200 followers and 495K likes)
•  Excusive stockist: The Gown Gods is WA’s only certified retailer of Australian brand“Studio Minc” giving the store a point of difference to shop this exclusive range in store

Delivering a friendly and fun experience for all, this well-organised business is easy to manage and offers unlimited potential! The back half of the shop could easily be converted into a second showroom specialising in another niche such as bridal, bridesmaids, or even men’s formal wear. It’s also the perfect launchpad for your own label, which can be designed and manufactured at a low cost to maximise profit margins.

PRICE: $250,000 + SAV