Luxury Goods Import Retail In Cyprus For Sale

Business description

This chain has presence in all major towns in Cyprus with beautifully fitted and furnished shops on PRIME LOCATIONS
Sells exclusive, luxury personal items created by renowned designers
All shops, except one, are leasehold. Freehold shop is not included in the asking price but can be sold along with the business at market price
Asking Price includes the Business, Exclusive agreements with manufacturers/designers, Furniture/Furnishings/Equipment and Leasehold Improvements of the shops. Trade Creditors and Debtors may be assumed by Buyers at their option
Asking Price does NOT include value of stock which ranges from Euro 4,5 to Euro 5,0 Million. Exact value to be determined on closing. DealMasters can facilitate a line of working-capital credit from local Banks
All personnel is experienced, highly trained and will stay on. Buyers may need to hire a General Manager
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

Property information

Real Estate:

Lease