Established Profitable Furniture Design and Manufacturing Company For Sale

Business description

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. In 2008, many efficiency enhancing changes have taken place which has increased production capacity while decreasing costs. Also, orders of 250 million Baht have been taken to 2010. 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.

Property information

Real Estate:

Lease

Lease terms:

Showroom 3 years + 3 years
Warehouse 3 years + 3 years

Location:

Chonburi (Pattaya), Thailand

Other information

Reasons for selling:

Owners wish to retire

Trading hours:

8am-6pm

Financing available:

Yes, up to 50%

Furniture / Fixtures value:

$350,000 (included in the asking price)

Inventory / Stock value:

$300,000 (included in the asking price)