Accessories Business for Sale in Jerusalem, Israel
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 |
- 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.
- Our best-selling products are fedoras, a type of hat.
- We have exclusive selling rights to certain brands in England and Ecuador.
- 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.
The lease agreement has just been renewed for 4 years.
There is an outstanding loan valued at 230 thousand shekels. This loan will be paid off by the business.
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Earlier than 15 daysPublishing Director, Music Publisher, Rishon LeTsiyon, Individual Investor / Buyer connected with the Business