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Wholesale and Retail company for sale in Cyprus

Luxury Watches, Jewellery & Accessories business (Import/Wholesale/Retail) for sale

  • Sales:  7m Euro
  • Asking price: 2m Euro
  • EBITDA: 500K
  • Employees: <50
  • Reason for sale: Holding company to focus on core business
  • CFIE-C011

Overview company for sale

The company imports & retails high-end European brands of watches, jewellery, pens & accessories, also sells wholesale to local jewellery and watch shops.  Asking Price includes Represenation/ Agent agreements with European luxury goods brands, 11 retail outlets fitted to the highest standards, trained sales staff and experienced administration staff.  Head office space and secure vault storage can be offered at reasonable rent by sellers.  Existing Management can stay on, or be replaced by buyer.   Stocks at cost will be added to consideration, however they may be financed by a local Bank.  Stock carrying-value ranges from €1,7 to €2,0m, exact amount to be deteremined by stock-take on date of transfer.

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Profile

The business has a long and successful history, a very well respected name in the market and has always been professionally managed to the highest standards. Not subject to seasonality or fashion trends, goods maintain their value indefinitely, in many cases value increases with time. Recession-proof and stable business, as clients are all very high net worth individuals, both locals and visitors/tourists.  The brands represented by the company are internationally known and enjoy recognition as the leaders in the luxury/ super-luxury personal goods sector.

Activities and or products (Import/Wholesale/Retail) company

Company has exclusivity for most of the brands imported. It maintains three distinct chains of retail shops, each selling specific brands.  In total there are eleven (11) retail shops, all in prime locations.

Highlights Cyprus business

  • Well established, mature, stable and profitable business
  • Highly experienced and well-trained staff able to serve demanding HNWI’s
  • Diverse presence on “Main Street” locations but also in Shopping Malls all over Cyprus
  • Stocks never lose their value

Information about companies for sale

Feel free to contact us for more information about this jewelry business for sale in Cyprus. If this is not your preferred target ask for other available companies for sale.