Project Marigold retails luxury-branded watches. The products are primarily
obtained new and unworn from customers via authorised dealers, as well as
through an international wholesale network.
The business sells watches from brands such as Rolex, Audemars Piguet, Omega, Breitling, Cartier, and Patek Philippe.
The company has retained an enviable position within the watch dealer industry, with its D2C and B2B activities leading in a competitive marketplace due to its high-calibre management expertise.
The business offers outright, part-exchange and consignment sale structures when acquiring watches from customers, strengthening relationships.
Our client is offering the company for sale to realise a planned exit strategy while facilitating further growth utilising the acquirer’s resources. Offers invited.
Turnover (£'000) | Adjusted EBITDA (£'000) | |
---|---|---|
2021 (Actual) | 7,002 | 68 |
2022 (Actual) | 6,642 | 214 |
2023 (Actual) | 8,800 | 310 |
2024 (Forecast) | 10,600 | 420 |
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