Business Investment Opportunities in Ba Ria

We specialize in the manufacturing of wooden furniture, with our products exclusively exported to the United States and Canada. Our journey began in 2016, and over the past four years, we have experienced significant growth, achieving annual revenues of USD 4.5 million in 2020. However, amid the challenges posed by the pandemic and economic downturn, our turnover declined to USD 1.05 million last year. - One of the key factors contributing to this decrease in revenue was our commitment to ensuring secure financial payment terms for our clients. By maintaining a policy of FOB (Free On Board) terms with a 30-40% deposit upfront and the balance payable within 10-14 days, we effectively mitigated the risk of inventory losses. - This approach has proven successful in safeguarding against bad debt, with no instances of non-payment recorded during the past three years. - Furthermore, we have actively pursued corporate customers by establishing a comprehensive compliance system tailored to meet their social and quality audit requirements. This strategic initiative has enabled us to forge strong relationships within the industry, including connections with key representatives of furniture companies in Vietnam who can recommend our services to potential buyers. - In our sales efforts, we incentivize our sales team in the United States to effectively reach out to buyers, particularly for project-based engagements. Currently, we maintain relationships with four active buyers, while six inactive buyers have scaled down their operations due to various reasons. - Despite our focus on qualitative rather than quantitative revenue growth, characterized by our commitment to secure and prompt payment terms and targeting a 15% net profit margin, we remain optimistic about our trajectory. While revenue may have been impacted, our strategic approach ensures sustainable profitability and resilience in the face of challenges. - Business has a registration certificate. We appreciate considering our business profile, and we look forward to continued success on this path of prudent financial management and quality-driven growth.

Our business is in manufacturing furniture for bedrooms, kitchen cabinets, doors and countertops. - We use plywood and local wood for manufacturing our products and have a network with 5-10 suppliers for the same. - We have a production capacity to manufacture 30 containers of furniture per month. - Currently, the business has 5 to 10 international clients from the US, Western Europe, and Korea. - We had a 20% annual growth rate before the Covid pandemic. - Business has high competence in technical, office and production managers as well as the knowledge of product compliance to the US, and Western Europe markets, and the capability in working with US e-commerce platforms and logistic partners. - Company has an outstanding bank loan of USD 1.5 million and has 4 shareholders in the company. One owns 70% stake, the second owner holds 15% stake and the other two hold 10% and 5% stake each in the company. - The promoter has solid knowledge of the construction industry. - We are establishing a new factory for the same business to expand further and have already started the construction for the same.

We give for third-party manufacturing but sell them under our own brand. The finishing of the clothes will be processed by us. Since the manufacturing is outsourced, we do not require many employees. - The processing capacity is 5,000 meters per month. - We are currently supplying to 7 wholesalers throughout Medan. - We are exporting the products to a client in Canada. - The raw materials are procured locally from local farmers. - The fabric does not fade at all. - We have multiple channels of revenue but the majority of the sales is through the textile business. - The sales will pick up from the second half of the year but the current average monthly sales is less.

We are building an ice bar in Vietnam created using our unique technology. - We have already identified the location which will be in the range of 150 - 500 square meters. - The ice created will provide 6 years of upgrading cooling technology experience. - The bar will have -10 degree Celsius. - On an average, it will be able to accommodate 300 customers per day. - Ice bar will be created from Crystal clear ice and interior remodeled every few months.