Rare Opportunity - Established Watch Business For Takeover

Looking for suitable candidate to take the business to next level

Distributor of wrist watches (a traditional Japanese brand and a popular fashion brand) and manufacturer of customised watches.

Company has a rich and succesful history since 1950's.

It has forged a close relationship with both suppliers and clients especially during Covid-19.

Looking for keen, capable and resourceful candidate to takeover.

Seller willing to commit a handover period for a smooth and succesful transition of ownership.

P/S - Selling Price is strictly for takeover, not inclusive of property, inventory, assets and fixtures.

Present cost of stock (watches only) is approximately $700k.
Service Centre is fully equipped to do watch assembly and carry out watch repairs.
Fixtures (renovated during 2014) and equipment cost approx $100k*
*Seller is willing to write off this cost for buyer who will takeover the property as well.

The brands/products which we represent/produce are rather niche and, therefore, we do not encounter much brand to brand competition.
However, due to recent increased awareness of a certain brand which we distribute, many unauthorised online sellers have started selling similar products.
We are actively working with the brand owner to improve the channels management.

The current management focus highly on business operation, product quality and customer service.
One of our business partners include a MNC.
Therefore, buyer can easily tap on the various growth potentials such as online business, market expansion, brand expansion, corporate sales and improved outreach.

Available

Business Management and Marketing Skill