Watches Company for Sale in Tsing Yi Village, Hong Kong
Hong Kong-based designer watches designer, manufacturer, and seller worldwide and generated HK$60M turnover last year.
Premium Plan
| Established | 30-40 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 7.7 million |
| Run Rate Sales | USD 7.7 million |
| EBITDA Margin | 21 % |
| Industries | Watches |
| Locations | Tsing Yi Village |
| Local Time | 6:51 AM Europe / Copenhagen |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.28 million
(Native Currency: HKD 10,000,000)
Reason: Two main directors are 65 and 74 years old and are planning to retire.
Includes physical assets worth
USD
385 thousand
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Business Name
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Business Overview
- Business located in Hong Kong, specialising in the design, manufacturing, and global sales of designer watches.
- Offers both OEM production and its own brand, with distributors in about 30 countries.
- The company has a network of about 70 importers and distributors worldwide, serving a long-term clientele base.
- Has established clients in Germany, Australia, India, Denmark, the USA, and other European countries.
- In 2023, the company generated a turnover of HK$60 million, with a gross profit of HK$13 million.
- The manufacturing process is outsourced, while the design and brand management are conducted in-house.
- The business owner is Hong Kong-based but is currently in Denmark.
- Business has 28 permanent employees in Hong Kong, China and Denmark who are sufficient to manage the business operations and engaged in admin, management, sales and marketing roles. No additional temporary/contract employees are required.
- Offers both OEM production and its own brand, with distributors in about 30 countries.
- The company has a network of about 70 importers and distributors worldwide, serving a long-term clientele base.
- Has established clients in Germany, Australia, India, Denmark, the USA, and other European countries.
- In 2023, the company generated a turnover of HK$60 million, with a gross profit of HK$13 million.
- The manufacturing process is outsourced, while the design and brand management are conducted in-house.
- The business owner is Hong Kong-based but is currently in Denmark.
- Business has 28 permanent employees in Hong Kong, China and Denmark who are sufficient to manage the business operations and engaged in admin, management, sales and marketing roles. No additional temporary/contract employees are required.
Products & Services Overview
Designer watches with distributors worldwide. OEM production as well as under own brand.Supplied to distributors across 40 countries.
Products are designed for women, men and kids.
Assets Overview
Physical assets include office equipment, furniture, computers and inventory. Stocks of completed watches, components, and outstanding debtors.The transaction can be settled either at an agreed evaluation or settled when stock is sold and outstandings collected against an agreed bank guarantee.
Intangible assets include operational expertise and clientele.
Transfer of the entire operations.
Possible extra sale of 1,800 sq. ft. office area in Kwai Chung, Hong Kong. Expected current value HK$ 45 million. (Down HK$ 20 million from valuation 6 years ago)
Facilities Overview
Own office facility of 1,800 sq. ft. in Kwai Chung, Hong Kong and leased office of 1,000 sq. ft. in Shenzhen.Additional rented offices in Denmark, Spain and U. S. A.
The office property is not included in the sale but can be sold for HK$ 45 million if the buyer is interested.
Capitalization Overview
100% self funded.3 main shareholders and two minor shareholders.
No outstanding loans.
Recent Activity
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3 days, 23 hours agoDirector, Consultancy, Kuala Lumpur, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysDirector, Financial Services, Kuala Lumpur, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysCEO, Information Technology, Ahmedabad, Individual Investor / Buyer connected with the Business
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