Based in South East England
The company is a reputable seller of luxury second-hand goods, including watches, jewellery, art, handbags, and shoes.
The business stocks a wide range of luxury brands, such as Rolex, Cartier, Chanel, and Gucci.
Since its establishment, the company has witnessed rapid success, enabling it to operate from two recently refitted leasehold premises, and an e-commerce website, with little to no competition.
The business has received high ratings across multiple independent review sites, scoring the company significantly above competitors within its region.
Our client is now offering the company for sale to facilitate their retirement plans.
Offers invited.
Generated a turnover of £1.7m in YE23, with an EBITDA of £266k.
Projected turnover of £2.25m in YE24.
Online sales have increased by 400% year-on-year.
Rapid revenue growth within gold and precious metal services.
Operates within a steady market, with industry revenue expected to grow by 3.2% by 2028, reaching £7.4bn.
Offers repair and maintenance, resizing, and battery replacement services.
Provides quotes for customers’ second-hand goods and offers part exchange.
Receives a monthly average of over 4,000 visitors to its e-commerce website, with over 150 customer accounts created.
Worked with over 1.8k customers, with 10% providing repeat business.
Operates across the UK, with additional sales from the US.
Skilled second-tier management team capable of running the company’s daily operations.
Developing business model towards equity light consignment.
Potential to implement additional business branches, expand into the pawnbroking market, and increase online sales through third party sites.
