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Furniture Business Investment Opportunity in Mumbai, India

IoT based furniture design & manufacturing business seeks investment to set up a manufacturing unit.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Furniture + 1 more
Locations  Mumbai
Local Time 4:38 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 200 thousand for 20.0% stake (Native Currency: INR 15,000,000)
Reason: Funds are required to purchase land for factory and building and also to set up an office and experi... View More
Includes physical assets worth USD 1 million
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Business Overview

- We are India's first furniture automation company with 40+ products developed.

- Manufacturers of furniture and our product portfolio consists of wall mounted bed, wall mounted bunk beds, dining tables, study tables, and sofa bed.

- The IoT Integration helps us design, customize fittings and lower the product development cost. The products are space saving and can be operated manually and electrically.

- We operate in B2C as well as B2B model, the revenue generation from B2C is 60% and rest from B2B.

- For B2C, on average we are manufacture 70-100 pieces in a month depending on the customer demand and we take up projects in the B2B model from builders and contractors for designing of furniture and fittings.

- Currently, we have 2 projects from builders in the residential and office space.

- We are seeking investment to establish a high end manufacturing unit with help of Government of Maharashtra.

- After the investment is received a new private limited company would be formed in which the investor would get stake in, hence the revenues are nil as of now.

- The location for land and building for the factory is in Kolhapur covering up an area of 40,000 sq. ft. with a built up area of 20,000 sq. ft.

Products & Services Overview

IoT based space saving furniture, design services, space saving furniture fittings, hospital bed (foldable), folding wheel chair, interior services.

Assets Overview

13 machines that include high cutting edge machine, automatic H blender, 5 axis routers, 3D water edge cutting machine, 5 axis wood cutting machine, and knotch machine.

Facilities Overview

Rented office space in Kalyan of 500 sq. ft. with a monthly rent of INR 10,000.

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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.
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