Furniture Manufacturer With Huge Margins & Great Website For Sale

Business description

This is a well established 50 year old company with full manufacturing facilities owned and operated out of the Philippines. Customers are from all over the world: Asia, Europe, USA, Hong Kong, Japan and Russia. The current owner has owned the business since 2004, and he has grown the business from $390,000 in 2004 to at least $900,000 in 2008. ( 2008 profit was $670,000). He is confident of the sales in 2009 because he has an order from the US for 2 containers a month, which will mean at least $1,500,000 in sales, and a profit of over $1,000,000. Almost all the labor is minimized because the workers are paid on a piece work basis. Therefore there is a minimal staff. There is also included in the selling price, a powerful web site that has a Google & Yahoo rank of 1,2,& 3 for the key products. This brings in substantial new business from wholesalers and retailers. The seller feels this company can easily grow to $4 to $5 million a year in sales. In consideration of the low selling price, the seller would also receive a 5% royalty on the US order for a 4 year period. NOTE: The US has passed a tariff on Chinese made similar products, so my seller is now picking up sales that would have gone to China. There is no restriction or tariff on Philippine furniture.

Property information

Real Estate:

Lease

Living accommodation:

Two town houses are included in the selling price.

Location:

The facilities include a full manufacturing facility, complete with all necessary tooling.

Other information

Expansion potential:

You can easily grow the business with the addition of more products and increased marketing.

Competition / Market:

There are a few others in the business, but this company is an efficient low cost producer with a strong web site and great google ranking.

Support & training:

Full support and continued training will be provided.

Reasons for selling:

Retirement

Furniture / Fixtures value:

$500,000 (included in the asking price)

Inventory / Stock value:

$25,000 (included in the asking price)