Furniture Store for Sale in Mysore, India
For Sale: Mysore-based renowned manufacturer of mattresses and furniture.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | General Partnership |
| Reported Sales | USD 230 thousand |
| Run Rate Sales | USD 305 thousand |
| EBITDA Margin | 8 % |
| Industries | Furniture + 1 more |
| Locations | Mysore |
| Local Time | 10:16 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.47 million
(Native Currency: INR 127,000,000)
Reason: The business has not been performing at its best for the last 3 years and we have been unable to rev...
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Includes physical assets worth
USD
1.47 million
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Business Overview
- Manufacturer, retailer, and wholesaler of mattresses and furniture.
- The company sells its products through two of its retail showrooms, it does white label manufacturing for the Karnataka government, and wholesales to a network of 50+ dealers in Karnataka.
- The State Government uses our products for hostels and hospitals.
- Company's pre-Covid annual revenue was INR 20 crore. The sales have slumped over the last 3 years, but we have managed to remain profitable.
- Pending bank loan of INR 7 crore. The buyer will inherit this loan and it's not included in the asking price of INR 12 crore.
- Buyer gets legal entity, all showrooms with property, manufacturing facility with property, and brand name.
- We promote our products through IndiaMart, Facebook, and Instagram.
- The company has two owners with each having an equal stake.
- The company sells its products through two of its retail showrooms, it does white label manufacturing for the Karnataka government, and wholesales to a network of 50+ dealers in Karnataka.
- The State Government uses our products for hostels and hospitals.
- Company's pre-Covid annual revenue was INR 20 crore. The sales have slumped over the last 3 years, but we have managed to remain profitable.
- Pending bank loan of INR 7 crore. The buyer will inherit this loan and it's not included in the asking price of INR 12 crore.
- Buyer gets legal entity, all showrooms with property, manufacturing facility with property, and brand name.
- We promote our products through IndiaMart, Facebook, and Instagram.
- The company has two owners with each having an equal stake.
Products & Services Overview
Mattresses (coir foam), pillows, office furniture, home interior, and kitchen interior.60% of the sales are from mattresses whereas 40% is from the sale of furniture.
Assets Overview
The factory land and building is worth INR 4.5 crore. The plant and machinery are worth INR 20 lakh.Each showroom's building and land value are INR 3 crore. This takes the total value of showrooms to INR 6 crore.
Facilities Overview
We have manufacture our products from our owned factory. The factory has 3 floors with a total built-up area of 18,000 sq. ft. (each floor's carpet area is 6,000 sq. ft. )We have two owned retail showrooms in Mysore.
Showroom 1 = 1,050 sq. ft. * 4 floors.
Showroom 2 = 1,100 sq. ft. * 3 floors.
Capitalization Overview
Not Disclosed
Recent Activity
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Earlier than 15 daysDirector, Furniture Store, Jabalpur, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysPartner, Bengaluru, M&A Advisor connected with the Business
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Earlier than 15 daysDirector, Furniture, Jodhpur, Corporate Investor / Buyer connected with the Business
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