Specialist Watch Brand & Retailer (& International Wholesaler)

Guernsey
REF: S06499

Asking Price:
£195,000
Annual Turnover:
£226,403
Annual Net Profit:
£69,298
REF: S06499

Overview

Tenure:
Relocatable
Established:
TBC
  • Dragon’s Den success
  • Innovative product
  • Huge scope for growth
  • Recognised brand
  • Wide variety of sizes, colours and designs
  • Partnered/has contracts with an array of worldwide recognised brands

The business for sale is an extremely lucrative venture for a fortunate new buyer. The company is a recognised watch brand and retailer and the product is Slappie Slap watches. The straps are “slap” style meaning they do not need buckles or fasteners and simply slap around the wrist, this is an innovative product which has already garnered an outstanding amount of interest.

The entrepreneurial business has grown year and year into a highly successful profitable endeavour in the UK and internationally, with a strong and recognisable brand.

A recent Dragons Den success has given the business huge momentum. It is now ready and waiting to expand both domestically and internationally. Slappie is trademarked under Class 14 of the UK IPO register and the business is now for sale on a relocatable basis.

The business currently operates from offices in St Peter Port, Guernsey whereby all administration, marketing, sales and distribution are all handled from this location. The business also has another registered office in Pall Mall in London.

In terms of manufacturing, Slappie has two factory partners that produce the watches. One is based in Hong Kong and the other is based in China. The Hong Kong factory is the main supplier and the China factory is back up and is also able to produce more technical strap designs.

However, this is an opportunity that benefits from being fully relocatable. The potential buyer is free to incorporate the creation, marketing and sale of the products into a new or existing business infrastructure.

There are a number of countries that have yet to be investigated: 3 very large targets are India, Russia and Australia with a combined population of 1.5b. There are also many retailers around the globe that have yet to be approached.

There is a new product being introduced to the range which will be a successful revenue stream on its own. This will be added to the company’s website as well as all the other online platforms used. Investigations are ongoing to create new products ‘Smart Slappie’ and ‘GPS Slappie’.

Slappie is also launching a new, contemporary website where purchasers will be able to mix and match strap and dial colours giving them more options. Products can already be matched to corporate colours and designs if consumers desire.

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  • Relocatable
  • Multiple offices and international distribution
  • International customer base
Rent
TBC
Rates
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Lease Term
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Lease Expiry
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Square Footage
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Accommodation Included
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Premises Licence
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Property Value
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Planning
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EPC
This business does not require an EPC

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