18 Yr. Niche Watch Repair Parts and Supply Wholesaler / Importer
(Seller's Discretionary Earnings)
included in asking price
included in asking price
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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.
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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.
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