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This chain has presence in the two major towns in Cyprus (Nicosia & Limassol) with beautifully fitted and furnished shops in PRIME LOCATIONS. The shops were designed professionally to superior standards and have advanced security and surveillance systems. The shop fit-out alone cost in excess of ---.---.
Sells exclusive, super-luxury items created by renowned designers - all famous French, Italian and Swiss brands
In addition to the two shops on central locations in Nicosia and Limassol, it has a shop within Larnaca international airport duty-free. All shops are leasehold.
Asking Price includes the whole business undertaking as an ongoing concern: Exclusive agreements with manufacturers/designers, Furniture/Furnishings/Equipment, Leasehold Improvements of the shops, clientele.
Asking Price does NOT include value of stock which ranges from Euro 1,5 to Euro 2,0 Million. Exact value to be determined on closing (non-marketable or slow-moving stocks may be excluded from the deal). The business's Bank may extend a credit line for stock acquisition to suitably qualified buyers.
The General Manager and all personnel are highly experienced, well trained and can stay on, unless Buyer wants to replace them.
This is a stable and profitable business with sales in excess of Euro 3 Million and Gross Margin of about 45%
No seasonality and not subject to fashion trends or obsolescence. Items for sale hold their value indefinitely, many are collectors items
Recession proof and stable business as clients are all very high net worth individuals, locals and visitors
This is a highy confidential sale. Interested parties will need to provide satisfactory references and/or POF and then sign a Confidentiality Agreement
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