18 Yr. Niche Watch Repair Parts and Supply Wholesaler / Importer

Contact Seller
Asking Price:
$1,800,000

Gross Revenue:
$1,230,000
Cash Flow:
$390,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$1,800,000
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

Share this business:

Business Description

Sells to watch repair shops, a sleepy high profit niche. Customers don’t heavily price-shop because part cost is a small percent of the repair shops crazy-high prices to wealthy customers for repair of ultra-expensive watches. Rolex, Cartier and Omega are just a few of the brands they carry parts for. Includes $1.1M current inventory. Lower volume - higher margin niche. Simple easy to understand and manage business. Owner retiring. They mainly sell to watch repair shops and jewelry stores. Watch repair is a high profit business where availability is key. The watch parts are a relatively minor cost and usually not shopped for price. The watch repair industry with sleepy competition creates dynamic growth possibilities to quickly double and triple profits. A must have for internet minded buyers. 43% Gross profit Margins, 5,300 customers. Main products are watch bands, movements, batteries and supplies. Small parts easy to store, handle and ship. $140 average order size. Repeat customers. Credit card, COD, cash payments. The business has succeeded via traditional and still effective mailed catalog marketing.

With a just completed and operating 13,000 SKU shopping basket ecommerce website, low wholesaler costs and product that is needed by watchmakers and end-users. The business is perfect for eBay, Amazon and web marketers looking for easy to handle niche products and strategic cost advantages. In 2018 the business initiated a simple but effective growth plan that entails using existing staff to add the inventory to Major internet reseller site at 250% higher-than-wholesale end-user pricing. Major internet reseller site sales can increase total cash flow to $700,000 to $900,000 by adding 1/3 of existing parts SKUs on Major internet reseller site with existing staff.

The operation is spotless and well organized. It occupies approximately 4,000 square feet with owner and 5 workers. Not location critical. Rent is $5,800 / month, lease term is 8+ years including options. Because of the endless brands and watch models combined with importing lead times. watch parts wholesale requires wide inventory. However because of the timeless nature of luxury watches the inventory investment almost never obsoletes. Because of relatively high inventory component, the ask price of $1.8M is a reasonable 1.8X cash flow plus inventory at cost. This business is offered to all-cash buyers only. Proof of funds will be required to visit the location.

Contact the Seller

Listing Info

ID:
1519512
Ad Detail Views:
674

Contact the Seller
$
Please confirm you're not a robot
Contact the Seller
Business Listed by

Hoke Nagahori

Select Business Sales
License# 01951203

 Show Phone Number

View My Active Listings
U.S. Census Data for Los Angeles County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Los Angeles County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


Similar Listings


Report an Issue The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms & Conditions.
;