Need help?

Brooms, Brushes and Dustpans Business Investment Opportunity in Raebareli, India

Leading Uttar Pradesh-based manufacturer of cleaning product handles with 300+ clients, seeking investment for expansion.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 290 thousand
Run Rate Sales USD 420 thousand
EBITDA Margin 15 %
Industries Brooms, Brushes and Dustpans
Locations  Raebareli
Local Time 7:39 AM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Partial Stake Sale
USD 174 thousand for 50.0% stake (Native Currency: INR 15,000,000)
Reason: We need this investment for business expansion and brand building. The funding will be used as worki... View More
Includes physical assets worth USD 230 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- The company specializes in the manufacturing and sale of mops, wipers, brooms, and brush handles.
- The business acts as an OEM and also sells products under its brand name.
- Business currently has 300+ clients and the prominent clients include Monkey 555, Gebi and MGS Brooms.
- Has a manufacturing capacity of producing 5 lakh units per month.
- The business boasts a strong understanding of the industry and customer base, emphasizing expertise in wooden round rod manufacturing and a desire to capitalize on the potential of the household cleaning products market.
- Despite past setbacks, the company has a loyal customer base and is confident in its sales capabilities, with production capacity identified as a key area for improvement.
- With over 25 years of experience in the industry, the business is seeking a financial partner to support its expansion plans, following challenges related to natural disasters and subsequent recovery efforts.
- Company is registered with MSME, and GST certifications and is also in the process of renewing the pollution control licence.
Products & Services Overview
We manufacture and sell mop/wiper/broom/brush handles. Generally, iron pipe or mild steel pipe handles are corroded, bent, and broken easily. Our handles are made from strong eucalyptus wood, treated carefully for its straightness, processed smooth sanding and mimicked for aluminium or stainless steel-looking handles.
Our products are more economical and characteristically 10 times stronger with a more graceful and rich-looking handle.
Our customers include wholesalers and manufacturers of brooms, wipers, brushes and other cleaning products.
Assets Overview
Tangible assets:
- Manufacturing machinery worth INR 1.5 crore.
- Stock, raw materials, dice, and cutters worth INR 1.5 crore.
Facilities Overview
We had two factories. One owned and the other rented leased premises. Recently the rented premises had a big fire and we incurred quite a bit of loss due to this fire which was compensated by selling the owned factory.
Currently, we are operating have 10,000 plus sq ft shed and we also have rented an open space of about 20,000 sq ft for drying sticks.
Located in Raebareli, Uttar Pradesh and incurs a monthly rent of INR 1 lakh.
Capitalization Overview
Funded with our own money. No bank loans. Only an INR 30 lakh gold mortgage loan was taken.
The business is a sole proprietorship.
Recent Activity
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
3 Investors already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more