↩ Go Back
Need help?

Kitchen Utensils Company for Sale in Bangalore, India

Biodegradable reed straws and pens manufacturer with export orders and distributors in Karnataka and Maharashtra.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 60 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Household Products + 1 more
Locations  Bangalore
Local Time 5:48 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 60 thousand (Native Currency: INR 5,000,000)
Reason: Business is dependent on restaurants and hospitality industry and also exports. Covid situation has ... View More
Includes physical assets worth USD 36 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Bangalore based start-up company that manufactures biodegradable straws and pens.

- Business started five months ago, but we had to stop operations because of the lockdown.

- Our products are 100% biodegradable and 100% natural.

- Served around 30 clients in India and few clients in the USA, France, Polan, Canada.

- Some of our clients are Unibic, Hard Rock Cafe, Casa Bacardi, Watsons, The Bombay Canteen.

- Facility can produce 4 lakh straws and 20K pens per month.

- In 5 months we managed to get orders worth INR 4 crore but due to the current situation, many of them got cancelled.

- Products are design patented.

- All promoters are serial entrepreneurs and are looking for the full sale of the business or part acquisition.

- We plan to restart the business if we find an investor or we would like to sell the business as it is.

- Business has enough clients and potential to reach INR 1 Cr revenue easily.

- Physical assets include vehicles, machinery, equipment, tools and inventory.

Products & Services Overview

We produce reed biodegradable reusable drinking straws of 7.75 inch, 5.5-inch cocktail single-use straws, pens with stainless steel refills completely recyclable and 100% biodegradable.

Soon to launch products are organic toothpaste tablets, baked edible cutlery, bio plastic based containers, single-use plates and cutlery, alkaline water, bio toothbrush.

Facilities Overview

7,500 sq ft factory with capacity of 100 machines and storage. Rent for the facility is INR 75K per month. We have own vehicle for procurement.

Capitalization Overview
Not Disclosed
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

37 Buyers 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