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Accessories Business for Sale in Jerusalem, Israel

The largest premium hat store in Israel selling products imported from 6 foreign countries.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 175 thousand
Run Rate Sales USD 194 thousand
EBITDA Margin 30 %
Industries Accessories + 1 more
Locations  Jerusalem
Local Time 6:38 AM Asia / Jerusalem
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 270 thousand (Native Currency: ILS 1,000,000)
Reason: The owner is looking to sell this business due to retirement.
Includes physical assets worth USD 94 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Pitch Deck
Prospectus
Business Overview
- A leading upscale hat store for both men and women in Israel, offering a wide range of quality hats such as borsalino, stetson, and straw Hats imported from foreign countries.
- We have a network of 6 foreign manufacturers and 3 local manufacturers from whom we source our products.
- The store is strategically located in central Jerusalem and designed with large glass-encased cabinets specifically to showcase its extensive hat collection.
- With almost no direct competition due to its diverse hat selection, SherlockS has secured exclusive rights to sell certain brands from producers in Ecuador and England within Israel.
- The business's most effective advertisement remains word of mouth, reflecting the strong customer relationships it has cultivated.
- It caters to a diverse clientele, including religious Jews who purchase winter hats year-round, and predominantly serves customers aged 25-50.
- About 90% of the company's revenue is through in-store sales, with an average product price of ILS 396.
- While facing challenges due to a decrease in tourist activity and the impact of the COVID-19 pandemic, the business has substantial untapped potential, particularly in online sales. The owner is confident that this could enable the store to reach sales of over ILS 1M.
- The store has only 2 employees, with a part-time worker managing the website, a staffing level deemed sufficient for the store's operational needs.
Products & Services Overview
- We sell Quality hats like Borsalino and Stetson hats, as well as straw Hats imported from 6 countries namely England, Germany, the US, Italy, and Ecuador.
- Our best-selling products are fedoras, a type of hat.
- We have exclusive selling rights to certain brands in England and Ecuador.
Assets Overview
- The tangible assets include the stock of Hats valued at ILS 180,000.
- The rest of the assets worth ILS 170,000 are made up of the displays and store furnishings.
- Our strong suite of intangibles includes the website, social media, mailing list, and loyal customers.
Facilities Overview
We have a 100-meter rented store with two levels located in Dorot Rishonim, Jerusalem.
The lease agreement has just been renewed for 4 years.
Capitalization Overview
The business is run by a sole proprietor with 100% ownership.
There is an outstanding loan valued at 230 thousand shekels. This loan will be paid off by the business.
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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