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Watches Company Investment Opportunity in Malé, Maldives

First International watch brand representing Maldives with 10,000 watches sold annually, seeking investment for expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 5 million
Run Rate Sales USD 5 million
EBITDA Margin 30 %
Industries Watches
Locations  Malé
Local Time 9:57 AM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 2 million for 40.0% stake (Native Currency: USD 2,000,000)
Reason: Seeking a non-Maldivian investment partner to expand to other countries.
Includes physical assets worth USD 270 thousand
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Business Overview

- First international watch brand in the Maldives.

- The store was opened by the former president of the United Nations General Assembly, HE Mr. Abdulla Shahid.

-Acknowledged by the president and government of the Maldives.

- Design is proprietary, but manufacturing is outsourced through one manufacturer in China.

- Designed by a top Maldivian Designer.

- The company's B2C sales channels include retail stores and social media with 40,000 followers.

- Majority of revenue is generated from B2B sales, by placing in showcases at resorts and supplying to wholesalers.

- The company sells approximately 10,000 watches annually.

- Average price of products ranges from $150 to $500 USD.

- There are 27 permanent employees and additionally, there are a few contract/temporary employees as well.

Products & Services Overview

Watches are made of premium quality materials & offer 3 - 10 year warranty.

Aim to showcase the beauty of Maldivian culture with these high quality watches.

Also allows customers to create their own watch which would be highly customized and has a special design team for the special custom series lead by a unique designer.

Top selling - Velaa series and Madi series.

Business is both B2C and B2B, B2C is through retail stores and social media.

B2B is by placing in showcases at resorts and supplying to wholesalers.

Assets Overview

Physical assets include inventory, furniture, decor, electrical equipment etc.

Facilities Overview

2 rented facilities - Retail store and head office in Chaandhanee Magu, Malé.

Capitalization Overview

Business is self-funded.

No outstanding loans or liabilities.

Sole proprietorship business.

Largest watch business in the Maldives.

Acknowledged by the local government.

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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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