Tools and Housewares Company for Sale in Chennai, India
Chennai-based innovative tools and housewares company with patented products seeking full sale for future growth.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 2.9 thousand |
| Run Rate Sales | USD 3.5 thousand |
| EBITDA Margin | 25 % |
| Industries | Tools and Housewares |
| Locations | Chennai |
| Local Time | 12:27 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
350 thousand
(Native Currency: INR 30,000,000)
Reason: The promoter is 83 years old and is unable to manage the business. The promoter can also not scale u...
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Includes physical assets worth
USD
37.4 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
ROC-Verification.pdf
(299.1 KB)
Business Overview
- Established 5-year-old MSME unit in Chennai, registered with GST and equipped with proper operational records.
- Specializes in manufacturing innovative tools and housewares, including patented products: handy dishwasher, handy coconut scraper, and toilet cleaning machine, developed with the aid of DSIR.
- Currently, has a production capacity of 1k units a month and can be increased to 10k units a month.
- Direct selling strategy utilized through various online platforms, complemented by organic growth through word-of-mouth marketing.
- Holds significant assets including patents, moulds for product components, and inventory.
- Tapping into a vast market potential with over 3.4 million government schools and numerous institutions and households, positioning the products for high demand.
- Before COVID-19 the company generated an annual revenue of INR 30 lakh and the revenue has dropped due to lack of marketing.
- Company is now focused on establishing partnerships with companies possessing resources and influence to secure substantial government contracts, targeting sectors such as educational institutions and military procurement.
- Specializes in manufacturing innovative tools and housewares, including patented products: handy dishwasher, handy coconut scraper, and toilet cleaning machine, developed with the aid of DSIR.
- Currently, has a production capacity of 1k units a month and can be increased to 10k units a month.
- Direct selling strategy utilized through various online platforms, complemented by organic growth through word-of-mouth marketing.
- Holds significant assets including patents, moulds for product components, and inventory.
- Tapping into a vast market potential with over 3.4 million government schools and numerous institutions and households, positioning the products for high demand.
- Before COVID-19 the company generated an annual revenue of INR 30 lakh and the revenue has dropped due to lack of marketing.
- Company is now focused on establishing partnerships with companies possessing resources and influence to secure substantial government contracts, targeting sectors such as educational institutions and military procurement.
Products & Services Overview
The business's top-selling products:- Handy dishwasher, handy coconut scraper and toilet cleaning machine (patented and developed with DSIR assistance).
Currently, the products are being directly sold through various online platforms and word of mouth.
Assets Overview
Tangible assets: moulds and stock.Intangible asset: toilet cleaning machine patent, developed with DSIR assistance.
Facilities Overview
Operates out of a rented 2-BHK independent house which has been converted into an assembly facility, has an area of 2,400 sq ft, incurs a monthly rent of INR 17k/month and is located in Chennai.
Capitalization Overview
The business has no loans and has 2 partners with equal shares.
Recent Activity
-
Earlier than 15 daysDirector, Real Estate Aggregator, Chennai, Individual Investor / Buyer connected with the Business
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