Furniture Company Investment Opportunity in Bangalore, India
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 470 thousand|
|Run Rate Sales||USD 560 thousand|
|EBITDA Margin||10 - 20 %|
|Local Time||7:59 AM Asia / Kolkata|
|Listed By||Business Owner / Director|
Company manufactures portable tables and household furniture and sells them through its tie-ups with 4 retail stores and 2 eCommerce websites. Have tie-ups with 4 big retail chains which are Metro Cash & Carry, Spar Hypermarket, Pai International and MK Retail. Our eCommerce tie-ups are with Flipkart and Amazon. We manufacture the products under own brand name as well as under the brand name of retail chains and eCommerce companies.
Generate 70% revenue through eCommerce websites and 30% revenue through offline retail stores. About 50% of the products sold are under own brand name and rest 50% are under retail chains & eCommerce company's brand name. We have been awarded the Gold seller status by Flipkart for 2 consecutive years. We currently meet 3,500+ online orders per month. Our products have high ratings on eCommerce websites with low product returns from customers.
Over the last 3 years, we have become one of the fastest growing sellers in the small furniture category, doubling our production YoY through investments in automation and continuous process improvements. Our USP is the ability to work with both wood & steel category and to rapidly prototype using the latest technology.
Company has well established processes and automated accounting / reporting systems. With the current work from home requirements, we are unable to cater to high demand. Business owned assets include machinery and office equipment. We have a strong banking relationship with State Bank of India. Have tie-ups with 20 suppliers for procuring raw materials.
Portable laptop tables, knock down tables, shoe racks, ironing boards, laundry hampers, cloth drying stands.
We operate out of a 3,500 sq ft single floor unit located in the wood working industry in Bangalore. The unit is rented. We have the ability to double the floor area by building a mezzanine floor.
Earlier than 15 daysCEO, IT & Advertising, New Delhi, Corporate Investor / Buyer connected with this business
Earlier than 15 daysCo-Founder, E-Learning, Bangalore, Corporate Investor / Buyer connected with this business
Earlier than 15 daysCEO & MD, Telecom & Manufacturing, Bangalore, Individual Investor / Buyer accepted business proposal