Featured Brokers
CONFIDENTIAL SALE
FOR SALE
22/02/24
607216
155644 / Rightbiz
The company is a retailer of high-end costume jewellery operating out of a premium-located London store, with its growing online presence enabling it to attract interest from customers worldwide.
Revenue is predominantly generated in-store, with the company enjoying long-standing relationships with customers from around the world, including a significant base in the Middle East.
The company offers a diverse product range suitable for a variety of budgets and occasions, with pieces for both day-to-day and evening wear. Its focus is primarily on jewellery made from solid silver and set with triple-A cubic zirconia stones, including earrings, necklaces, bracelets, rings and brooches, with freshwater pearls also available.
The company is being offered for sale to facilitate the shareholder’s retirement.
Offers invited.
Key Highlights
- Products are made to resemble pieces made by luxury jewellery retailers, with their high-quality finish designed to ensure that the stones are indistinguishable from real diamonds.
- Customers are typically mid-to-high-net-worth individuals with significant disposable income, meaning that the company is protected from some level of economic disruption.
- Established e-commerce website with scope for further development, which could see a considerable increase in international sales.
- Benefits from high volumes of repeat business, with some customer relationships spanning over 20 years.
- Experienced management team in place to handle day-to-day activity.
- Operates from leasehold premises in a prestigious area of London.
Financial Highlights
- Management turnover of £1.4m in YE23.
- Adjusted EBITDA of £753k achieved the same year.
- Turnover expected to increase to £1.47m in YE24, with an adjusted EBITDA of £812k.
- YE25 turnover expected to reach £1.55m, with an adjusted EBITDA of £877k.
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
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