Newly Established Furniture Company for Sale in Chennai, India

Specialize in crafting premium-quality furniture, offering a wide range of products such as cabinets, wooden tables, sofas, dining table sets, wardrobes, and cots. Targeting the B2B market, the startup will cater to businesses, including retail and supermarket chains, providing custom-made furniture. Physical assets - All the machineries required for furniture maunfacturing on a full scale and purely plug and play and no further set up required. 1. We are selling the business only and not the business name – we are launching a nationwide e commerce platform called as luxantiq and our current technical operations are tied to our current business name so the manufacturing unit can be sold and rebranded according to potential buyer interest.
2. All the machineries are brand new with no usage at all. we only operated the machines for the initial inventory and those inventories have been part of the selling, so we won’t be able to honor the depreciation in machineries pricing as all of them completely unused except the manufacturing of the inventory itself.
3. We have included end products as part of the inventory – we didn’t include the actual products selling value instead the cost accumulated on labor and raw materials without any margins.
4. All the major bills attached here already, and mini bills can be shared if the deal is finalized.
5. We have put up price as is according to exactly what we bought, and the authenticity can be verified across all the sellers and warranty can be claimed accordingly.
6. All the machines have been thoroughly tested and we do not identify any minor defects and it should last forever with 100 % of its expected lifecycle.
7. Factory is located in special economic zone which is sidco with a square feet of 4800 and electricity rate is charged at 7 per unit. Rent is 55000 per month and land owner may stick to current rate or he might ask to 2 to 3 k extra which is completely depend on land owner wish and luxantiq has no role to play but we will help you get through this process.
8. Water charges as is and expected to come around 5 k per year.
9. Factory is purely plug and play now with absolutely no set up required and buyers can run it immediately with zero delay.
10. 40 hp industrial power supply included as part of the premise and 24/7 allowed to run as its sitting in special economics industrial zone. INR 35 lakhs - SBI business loan.
And rest from the directors contribution.
Totally there are three directors with 51% 40% and 10% ownership split.