Manufacturer of Specialty Furniture With Huge Margins & Great Web For Sale

Business description

This is a well established 50 year old company with full manufacturing facilities owened 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 $1,500,000 in 2008. He is confident of the sales in 2008 because he has a $700,000+ order from a Japanese chain store to ship this year. He feels the 2008 profit could be as much as $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. This business if fairly priced and is a wonderful opportunity for the right buyer.

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. Two town houses are included in the selling price.

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

Inventory / Stock value:

$25,000

Contact the seller