Hong Kong Based Watch Manufacturing and Export Business
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  • Hong Kong Based Watch Manufacturing and Export Business
For Sale and Rent

Hong Kong Based Watch Manufacturing and Export Business

Listing Number:

  • 852-02-05-001

Asking Price:

  • HKD 63,000,000

Manufacturing and Agriculture Electronic Equipment / Appliance Manufacturing
Kowloon Kwun Tong 觀塘區

Business Details

Company:

  • Yes

Current Staff:

  • 10 Full-Time Salaried

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 3 years with option to renew (Rolling Lease).

Rent:

  • HKD 36,000 per month. Payable monthly in advance

Security Deposit:

  • HKD 72,000.

Connected Utilities:

  • Power
  • Water
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This is a very long established company based in Kowloon, Hong Kong. They semi manufacture watches and have been doing so under their own well-known brands since 1980. Amazingly popular because they are fun, fashionable and reliable, the watches are exported to and sold by very large chain-store clients in the USA, Europe and the Middle East. Comparisons are often made between their flagship brand and other top-brands like Breitling, Tag Heuer, Franck Muller, etc. Of course, although the watches themselves are beautifully designed, quality products and are in popular demand, this brand, created and registered in 2005 and built up over many years, has enormous value and continued expansion opportunities. Shortly after release of the brand, the company was awarded the Best Design Award 2006 in Beijing.

The business operates from a leased premises in Kowloon, Hong Kong. It is staffed and comes with stock (approximately HKD 1,500,000 at value), the Hong Kong Limited company, export licenses, brand registrations, website, etc. The owner wishes to retire. He is happy to pass on his extensive industry contacts details and assist a buyer to transition if required.

Further information is available after completion of a non-disclosure agreement.

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