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Dec 20, 2019Leading online preowned luxury watch retailer. One of the top 5 most popular watch websites in the USA based on Similar Web statistics. Highly developed state of the art web platform produces 60,000+/- unique users & 236,000+/- sessions monthly. Established consistent b2b buying connections. Sellers working with limited inventory & still turning 50-100 pieces per month in the $3k-$5k range. Average margin of 27%+/-. Known for carrying both less popular & traditionally popular brands. Extensive CRM database has unique buyer/seller matching system to identify potential quick turn transactions providing a high level of customer service to both sides. The preowned market is strongly emerging & is estimated to be a $5 billion dollar annual industry globally. This is a fantastic strategic add-on or roll up candidate for any targeted acquirer in the watch or jewelry segment or a great business for an Owner-Operator who wants a low overhead, profitable online business. Excellent opportunity!
FF&E: $10,000
Inventory: $200,000 (included in the asking price)
Lease/Month: $1,800. Square Footage: 800. Building Type: Office Building. Terms & Options: Has termination clause Expiration Date: 6/30/2020
Owner willing to train: Seller will train buyer for two weeks at no cost to buyer

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