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 Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 1.8 million
EBITDA Margin
12 %
Industries
Local Time
1:46 PM Dubai
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 160 thousand for 9.0% annual interest, 5.0 years (Native Currency: AED 600,000)
Reason: Increase own working capital to allow for better procurement and larger transactions, following on s... View More
Collateral Available: USD 200 thousand
Includes physical assets worth USD 600 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
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.

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
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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