We are the industry leader and maker of handmade leather watch strap for a luxury brand in the Philippines. These genuine leather straps are customizable and done in our store within 1-2 hours upon order.
Highlights
- We currently have 2 branches in Metro Manila and are planning to expand.
- Our average yearly earnings are Php 3.2M.
- Our Facebook followers are 27,000 and still growing!
- Expanding market with the introduction of smartwatches like the apple watch.
- Blue ocean strategy.
- High product margin for high disposable income market.
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The Business details for the Handcrafted Leather Watch Strap project
From classic to casual, sporty, and edgy, watches will always look brand new with our bespoke leather watch straps.
We are a homegrown business in the Philippines that started in 2014. The idea was born out of a need for customizable watch straps in today’s consumer market, with the lack thereof. With necessity being the mother of invention. It boasts of using only premium genuine leather in a wide array of colors, from vintage brown, stone, and vintage black to midnight blue, olive green, and cognac, among many others. Addressing every watch owner’s whim, the business, which currently has two branches—SM Megamall in Mandaluyong and Century City Mall in Makati.
The Market
Our main targets are watch collectors who want to dress their watches by replacing the strap. This is our core market. However, there are also customers who are simply looking to replace their current watch strap. Some need a larger size and some need a longer length. Generic straps come in standard sizes only, so they cannot cater to consumer requirements outside their standards.
A customized solution will solve this problem. Our marketing goal is to introduce an alternative that is worth the investment (as compared to buying generic straps under almost the same price range). In terms of quality, style, and price, we are the perfect watch strap for watch collectors and owners. This is a great investment opportunity.
Progress/Proof of the Handcrafted Leather Watch Strap project
We started in bazaars where they offer customized leather watch strap solutions on the spot. Many people from different places in the country go to the bazaar just to have a customized strap. We decided to put up a kiosk inside the mall to serve our customers better.
We currently have 2 branches in Metro Manila and are planning to expand. Our Facebook page has now 27,000 followers and continues to grow. The business was also featured in television shows and online magazines. The total sales revenue since operating in the mall is around Php 9,000,000 for two branches. A business plan with a detailed presentation is available upon request.
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Objectives/Future
- We are looking to expand and put up more branches.
- We will establish a small factory to add product line and for global distribution.
- We will build a strong online presence to capture the global market.
- Hunter Tradition aims to revive the leather industry in the Philippines by starting as the leader in the leather watch strap industry for luxury brands.
- Hunter Tradition also aims to train more Filipino leather craftsmen.
The Deal details for the Handcrafted Leather Watch Strap project
- The target for the Handcrafted Leather Watch Strap project is $ 125 000 With a $ 10 000 minimum per Investor.
- $ 20 000 Previously investment was raised for this deal.
- We are offering equity or accepting loans.
– The company current valuation is Php 10,000,000
– For this current funding round the company is raising Php 6,000,000
– The company pre-money valuation is Php 16,000,000
– The minimum investment is Php 500,000
– An incremental 5% dividend/interest rate starting from 10% the first year for 3 years
– The dividend will be issued quarterly
– Investors can hold until the company sells to bigger brands or goes public.
- No benefits like the EIS scheme or SEIS scheme are offered.
- Current stage of the project is
- A silent investor role is preferable for this project (Daily involvement investor, Weekly involvement investor, and Monthly involvement investor are acceptable for this investment opportunity).
- Any investor type is suitable for this project (Angel Investors, Peer-to-Peer Lender, Personal Investors, Venture Capitalists).
- The main industry for this investment opportunity Is Hospitality, Restaurants & Bars with subcategories Bars, Hotels, and Cafes.
- We are located in the Philippines.
Contact us for more information and details about the Handcrafted Leather Watch Strap project
Disclaimer: The content of this investment opportunity has not been approved by an authorised person as defined by the Financial Services and Markets Act 2000. Relying on this investment opportunity to involve in any investment activity exposes an individual to a significant risk of losing all of the property or other investment funds. Investors should conduct their own thorough research and seek professional advice.
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