These Watches is a thriving luxury watch brand known for its stylish, high-quality timepieces and unique customer experiences. Established, this brand has developed a strong reputation for craftsmanship, customer loyalty, and distinctive designs that appeal to a discerning audience. With a solid retail presence and significant growth potential, These Watches offers an exciting opportunity for investment in the premium accessories market.
Key Highlights of the Business:
Three Prime Retail Locations:
This business operates three well-established stores in strategic locations: St Andrews, Edinburgh, and London. These stores drive significant foot traffic and serve as destinations for both locals and tourists seeking premium timepieces and unique watch-building experiences.
Unique Watch-Building Experience:
One of the key differentiators is its watch-building experience offered in-store, where customers can personalise and assemble their own watches with the help of expert staff. This hands-on experience has proven to be a popular offering, drawing in customers and generating significant brand engagement. Each year, this brand oversees the production of approximately 2,000 watches, a testament to both demand and the brand’s capacity to deliver high-quality, customisable timepieces.
Strong Brand Identity:
This brand is recognised for its minimalist yet distinctive Scottish-inspired designs, blending tradition with modern aesthetics. The brand’s focus on precision and design has earned it a loyal customer base, with a reputation for quality and attention to detail.
Digital Sales Platform:
We recently relaunched its online store, offering a range of products, including the brand’s newest watch collections. The digital platform is designed to drive global sales and grow the brand’s reach beyond physical locations.
Diversified Product Range:
In addition to watches, this brand is expanding its product line to include a clothing range, further enhancing its appeal to fashion-conscious customers and increasing cross-selling opportunities.
Established Market Position:
This brand has been nominated for the prestigious 2024 WatchPro Awards for Best New Store of the Year, competing against industry giants such as Omega, Patek Philippe, and Tissot. This nomination reflects the brand's growing reputation in the luxury watch sector.
Potential for Expansion:
With the right investment and strategic direction, there is vast potential to scale the operations, particularly in e-commerce and international markets. The recent introduction of new product categories and the successful watch-building experiences present significant opportunities for diversification and growth.
Financial Overview:
The business has been profitable and shows steady growth in both revenue and footfall across its retail locations. Additional details regarding financials will be made available to serious buyers.
Reason for Sale:
After years of building the brand, the current owner is exploring new opportunities and is seeking a buyer who can take the Watches brand to its next stage of growth.
