Featured Brokers
CONFIDENTIAL SALE
FOR SALE
11/01/24
604875
155304 / Rightbiz
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.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
The data showed regarding this advert 'Award winning second hand luxury watch and jewellery provider - 155304 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.