Start-Up Fund

[Oceanklassik]

Hi, curious to know how much do you guys think should be enough to start business in selling branded watches, like THG/Cortina/WOS? It'll be interesting to know/find out.

[seiko.citizen]

new watches: S$200-400k would be my guess. But I wonder if these people sell on consignment. ie. a batch is shipped to AD, and given 90days to clear, what they sell they pay, unsold either returned, or extend shelf life.

[Darkangel]

I think it would depend on what kind of watches you bring in,some watches already cost $200-400k wad...haha must think of that point. But start up capital would be very high,5-10m? maybe? that I dunno. But I think 5-10 is quite little also haha...

But I doubt ADs sell on consignment,that's why there are such things as NOS at ADs and sales to clear all the stuff they hav at hand.

[pet]

200 -400 k, maybe enough for renovation or rental deposit nia.

[Darkangel]

200 -400 k, maybe enough for renovation or rental deposit nia.

True that's very true

[pet]

True that's very true

and not tokin abt those mega flagship store... jst tok abt those ave ( less than 1k sqft ).

[Oceanklassik]

I mean not to be so ambitious for beginners la. We can't just start and compete with the big bros (THG/Sincere) like tat mah. Some thing like TWT, Visiotime, JWWatch of sort. Or may b smaller. SGD$1million enuf?

[seiko.citizen]

I mean not to be so ambitious for beginners la. We can't just start and compete with the big bros (THG/Sincere) like tat mah. Some thing like TWT, Visiotime, JWWatch of sort. Or may b smaller. SGD$1million enuf?

inventory alone SG$1m enough, i think in first 3yr of operation you will have to rent the store, once the CF up and running, you may be able to buy the property outright, or at least secure a loan to service.