Retailer of luxury watches

The business offers outright, part-exchange and consignment sale structures when acquiring watches from customers, strengthening relationships.

Our client is offering the company for sale to realise a planned exit strategy while facilitating further growth utilising the acquirer’s resources. Offers invited.

Key Highlights

– Whilst the majority of sales are derived from UK-based private individuals, the company’s wholesale network spans across the USA, Europe and Asia.

– Optimised e-commerce website encourages prospective customers to directly engage with the sales team.

– Ideally positioned to benefit from trends within the wider luxury watch market; recent brand visibility among high-profile personnel is expected to strengthen the business’s prominence.

– Day-to-day operations overseen by two second-tier managers.

– Operates from premises in Northern and South East England. The latter facilitates high levels of passing trade from domestic residents, international tourists and dealers.

– Existing operations can accommodate the introduction of lower value watches to increase stock levels and customer appeal.

Financial Highlights

– Generated a YE23 turnover of £8.8m and EBITDA of £310k.

– Projected to achieve a YE24 turnover of £10.6m and EBITDA of £420k.

– Approximately 80% of the revenue is secured from new customers, demonstrating the continual demand for its stock.

– Average sales value of circa £11k.