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CONFIDENTIAL SALE
FOR SALE
614345
155803 / Rightbiz
Project Marigold retails luxury-branded watches. The products are primarily obtained new and unworn from customers via authorised dealers, as well as through an international wholesale network.
The business sells watches from brands such as Rolex, Audemars Piguet, Omega, Breitling, Cartier, and Patek Philippe.
The company has retained an enviable position within the watch dealer industry, with its D2C and B2B activities leading in a competitive marketplace due to its high-calibre management expertise.
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.
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.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
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.
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.
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.
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.
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.'.
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.
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.
Be safe, use a Rightbiz Solicitor
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