Luxury Watch Store Seeking Loan in Dubai, United Arab Emirates
Dubai-based boutique for luxury vintage watches, repair & service, straps and watch accessories needs a loan.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 1.63 million |
| Run Rate Sales | USD 1.8 million |
| EBITDA Margin | 12 % |
| Industries | Watch Stores |
| Locations | Dubai |
| Local Time | 6:00 AM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
163 thousand
for
9.0%
annual interest,
5
years
(Native Currency: AED 600,000)
Reason: Increase own working capital to allow for better procurement and larger transactions, following on s...
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Collateral Available: USD 190 thousand
Includes physical assets worth
USD
600 thousand
Interested to connect with advisors
Business Overview
- First specialized trading company for branded, high value collectors' watches, premium leather watch straps and watch accessories in the UAE.
- Business has been profitable from day one, while maintaining healthy margins, growing at double digit rate year on year.
- Managing Partner is an acclaimed expert and cornerstone of Dubai's Watch community. -
Business has been recognized endorsed by local and international watch experts.
- Daily customer footfall: 30.
- Located in the financial centre of the city.
- Business has been profitable from day one, while maintaining healthy margins, growing at double digit rate year on year.
- Managing Partner is an acclaimed expert and cornerstone of Dubai's Watch community. -
Business has been recognized endorsed by local and international watch experts.
- Daily customer footfall: 30.
- Located in the financial centre of the city.
Products & Services Overview
- Luxury vintage wrist watches (specialized on Rolex, Patek Philippe, AP, Omega as top brands)- Premium watch straps (largest collection in the UAE)
- Watch accessories (travel gear, boxes and winders)
- Watch repair and service center.
Facilities Overview
1,000 sq. f boutique shop in Dubai International Financial Center + Shop in Shop POS at Robinson's luxury department store Dubai Festival City + Watch Service & repair center, warehouse and administration in separate office.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysManager, Recruitment Agency, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Retail Grocery Store, Cork, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCEO, Dallas, Financial Consultant connected with the Business
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