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Profitable West Sussex-based Watch Wholesaler with Strong Hong Kong Supplier Relations for Sale

Undisclosed, West Sussex

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    01/11/23

  • Advert ID

    602060

  • Reference

    INT2922 / Rightbiz

  • Call Agent:

    Registered members »

  • Asking Price: £140,000
  • Turnover: £164,491 (£3,163 Per week)
  • Net Profit: £59,836 (37% Profit margin)

Business Details

Profitable & Relocatable Watches Wholesaler for Sale


    This is a profitable and very unique opportunity to purchase the UK’s leading wholesaler of pocket watches, nurse’s watches and belt clip watches. Founded over 20 years ago, the business is well-known within the industry and has fantastic relationships with its suppliers in Hong Kong.

    The specialist watch business boasts a recently-upgraded website powered by WordPress/WooCommerce, with all payments taken via Stripe. Its current customer base comprises engraving companies, uniform companies, the NHS, marketplace resellers, medical professionals, wedding accessory suppliers and more.

    They have strong working relationships with their 2 suppliers in Hong Kong – their main supplier deals in GBP, therefore, the business has no exposure to currency fluctuations. Their suppliers produce products exclusively for the business in the UK – the business owns its 5 UK trademarks outright.

    This extremely profitable company has an established customer base of medical professionals and re-sellers, and would benefit from an individual looking to take it to the next level through industry expansion and online developments.
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    Contact Agent

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    Stay Safe

    Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

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    Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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    The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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    Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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    Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

    Stay Safe

    Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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    Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

    Stay Safe

    Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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    Stay Safe

    Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

    Stay Safe

    The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

    Stay Safe

    Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

    Stay Safe

    Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

    Stay Safe

    Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

    Stay Safe

    Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

    Stay Safe

    Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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    Disclaimer

    The data showed regarding this advert 'Profitable & Relocatable Watches Wholesaler for Sale - INT2922 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.