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Established Profitable Furniture Design, Manufacturing, and Project Management Company For Sale |
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Business Location: Country / City, |
Thailand / Chonburi |
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Business type: |
Home and Office Furniture |
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Years in Business: |
25 |
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Years with Current Owner: |
10 |
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Number of employees: |
100 |
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Lease / Real Estate Information |
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Parking: |
Yes |
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Lease Term: |
Showroom 3 years Warehouse 3 years |
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Option on Lease: |
Showroom 3 years warehouse 4 years |
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Hours / Days Open: |
8am-6pm/ 6 day |
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Annual revenue: |
90,000,000 Baht |
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Annual Profit: |
13,000,000 Baht |
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Estimated Asset Value: |
35,000,000 Baht |
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Monthly Payroll: |
800,000 Baht |
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Real Estate Value: |
24,000,000 Baht |
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Real Estate Asking: |
24,000,000 Baht |
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Real Estate Included: |
Yes |
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Real Estate Available: |
Yes |
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Required Licenses: |
Yes |
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FF&E Asking: |
11,000,000 Baht |
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FF&E Included: |
Yes |
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Asking Price: |
100,000,000 Baht |
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One partner wishes to retire
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UPDATE: Due to many efficiency enhancing changes in the company, and significantly increased orders (250 million Baht to 2010) the owners have increased the asking price from 60,000,000 to 100,000,000 Baht.
EBT1025 - Due to one partner's desire to retire, the owners of this 25 year old integrated interior design, furniture production and project management company have recently decided to make the business available for acquisition. Supplying offices and homes with unique, high quality furnishings, the Company's reputation has been built on fine furniture production. From free standing pieces to custom built-in cabinetry, examples of their signature craftsmanship are well represented throughout the region. The company also provides turnkey design and project management for construction, build-outs and renovations. This vertical integration is the secret to the company's success, allowing the flexibility and control to complete projects on time and on budget. The company's customers are a widely varied group, from individual home and office owners, to international developers with large commercial and residential projects. For this reason, many examples of their stylish and innovative designs continue to be found in finer homes and projects throughout the area.
The company has a very well located 400 Sq. Meter Pattaya Showroom where they showcase their designs and consult with clients which carries a monthly rental of 47,500 Baht. All production is done at the company owned production facility situated in a very strategic and visible location. The modern factory sits on freehold land with 1,200 sq. meters of production area, 150 sq. meters of office space, and an additional 150 sq. meter building utilized solely for painting. The total value for this property and building fully furnished is approximately 24,000,000 Baht and total assets sit at over 45,000,000 Baht. In 2007, the company reached 90,000,000 Baht in Sales and after payment of all rentals, payroll of 800,000 Baht for the 100 full time employees, and all other expenses, there remained a handsome net profit of 13,000,000 Baht. The owner states that business is going very well and many forward orders and contracts are in place that will benefit a new buyer. Current inventory sits at approximately 10,000,000 Baht. Taking the asset values into account, the owner has set a highly attractive asking price of only 100,000,000 Baht to affect a business transfer. The owner is willing to stay on with the new buyer for an agreed period of time to ensure a successful handover and could possibly offer up to 30,000,000 Baht in owner financing to the right party. This is an excellent opportunity to acquire a very well established and profitable business in Thailand.
Total Investment: 100,000,000 Baht with owner financing possible |
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