Business
Please quote reference B07154
CoGoGo are delighted to welcome to the market a highly rated online destination that specialises in selling preowned designer fashion.
The business has built up an excellent reputation and repeat client base within the local community and online.
The business was established by our client in 2020 and has now come to the open market due to other business interests.
Business Activities –
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- E-commerce business offering a stunning choice of pr-owned designer and vintage ladies’ fashion
- Over £60,000 invested developing a brand experience not available on any comparable online site
- A sustainable company – passionate about vintage, second-hand fashion and the circular economy
- The business searches the UK for the best fashion – which is clear to see on the ranges available on their fantastic website
- Selling platform include their own branded site & eBay
- Advertising platforms – own website, Facebook & Instagram with 13,000 followers currently
- Trademarked
- Includes both websites
- 6 USP’S – Female founder, 100% Female team, A thriving market & circular economy, Proof of concept, Branding customers already love, Scalability
- Aim too – Disputably innovate – Pursue creativity & excellence – Create jobs in a tricky post covid world – Inspire a new generation with a positive impact!
Key selling points –
- Hybrid model of purchase & consignment
- 100% positive feedback & customer reviews
- Over £60,000 invested developing the brand
- Excellent website included
- Business handover offered
- Opportunity to scale up
- The luxury second hand market is growing four times faster than the primary luxury market, at 12% per year versus 3%
- The resale market is growing at a rate 11 times faster than traditional retail and should be worth €77 billion by 2025, compared to fast fashion’s predicted worth of €40 billion
- The amount of second-hand pieces in consumer’s closets is predicted to grow from 21 percent in 2021 to 27 percent in 2023
- eBay store – 671 followers & 4,300 items sold
- Instagram – 13,000 followers
- Opportunity to reduce current running cost by either running the business from home or adding the brand into an existing E-commerce business model
Scope to improve –
- Increase stock range
- Social media advertising
- Increase the menswear collections
- Add vintage accessories
- Extend opening hours
- Potential Verticals – APP — Expand operations to mobile platform, LUXURY — Partnering with high-end brands, TEEN — Specifically for the Depop generation, ORIGINALS — Reworked & one-off pieces
The sale price includes all the stock. A full breakdown on everything included can be made available upon further request.
Location
This is an e-commerce business opportunity and can easily be recloated by the new owner to suit their needs.
Premises
Business Only – Can be relocated.
Tenure
Business Only – Can be relocated.
Hours
The business trades 24/7 through the online platform.
Staff
The business is owner run and managed with the help of two part time members of staff.
Financial Profile
We are advised as per the 2022 accounts, the business generated a turnover in the region of £90,000 – £120,000. Further financials can be made available upon request.
