Furniture Manufacturing Business
Location Philippines
Asking Price Range $500K - $1.0M
Gross Revenues $1500000
Net Profit / Cash Flow $1000000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1958
Number of Employees 4 - 5
Inventory 500000
Relocatable No
Number of Employees 4 - 5
Real Estate Leased
Training Full support and continued training will be provided.
Reason for Sale Retirement.
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. If you have the money, and you feel you are a qualified buyer, please call me, Neil Meislin 315 732-1439. 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. Asking $979,000.
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