Furniture Businesses for Sale and Investment Opportunities in Vietnam

- We specialize in the manufacturing of wooden furniture, with our products exclusively exported to the United States and Canada. Our journey began in 2016, and over the past four years, we have experienced significant growth, achieving annual revenues of USD 4.5 million in 2020. However, amid the challenges posed by the pandemic and economic downturn, our turnover declined to USD 1.05 million last year. - One of the key factors contributing to this decrease in revenue was our commitment to ensuring secure financial payment terms for our clients. By maintaining a policy of FOB (Free On Board) terms with a 30-40% deposit upfront and the balance payable within 10-14 days, we effectively mitigated the risk of inventory losses. - This approach has proven successful in safeguarding against bad debt, with no instances of non-payment recorded during the past three years. - Furthermore, we have actively pursued corporate customers by establishing a comprehensive compliance system tailored to meet their social and quality audit requirements. This strategic initiative has enabled us to forge strong relationships within the industry, including connections with key representatives of furniture companies in Vietnam who can recommend our services to potential buyers. - In our sales efforts, we incentivize our sales team in the United States to effectively reach out to buyers, particularly for project-based engagements. Currently, we maintain relationships with four active buyers, while six inactive buyers have scaled down their operations due to various reasons. - Despite our focus on qualitative rather than quantitative revenue growth, characterized by our commitment to secure and prompt payment terms and targeting a 15% net profit margin, we remain optimistic about our trajectory. While revenue may have been impacted, our strategic approach ensures sustainable profitability and resilience in the face of challenges. - Business has a registration certificate. We appreciate considering our business profile, and we look forward to continued success on this path of prudent financial management and quality-driven growth.

- Our business is in manufacturing furniture for bedrooms, kitchen cabinets, doors and countertops. - We use plywood and local wood for manufacturing our products and have a network with 5-10 suppliers for the same. - We have a production capacity to manufacture 30 containers of furniture per month. - Currently, the business has 5 to 10 international clients from the US, Western Europe, and Korea. - We had a 20% annual growth rate before the Covid pandemic. - Business has high competence in technical, office and production managers as well as the knowledge of product compliance to the US, and Western Europe markets, and the capability in working with US e-commerce platforms and logistic partners. - Company has an outstanding bank loan of USD 1.5 million and has 4 shareholders in the company. One owns 70% stake, the second owner holds 15% stake and the other two hold 10% and 5% stake each in the company. - The promoter has solid knowledge of the construction industry. - We are establishing a new factory for the same business to expand further and have already started the construction for the same.

- We are a furniture solutions provider to offices, co-working places and other business segments. - Have more than 100 B2B clients in Vietnam including highly reputed firms like Chanel and Apple. - Since inception we have supplied more than 250,000 Sq. M. of office solutions. - We have partnered with manufacturers such as Humanscale and Bossdesign to supply our products. - We are considered amongst top 3 furniture solutions providers in Vietnam. - Promoter has 7 years of experience in the field of furniture and furniture solutions.

Würfel was conceived with a noble thought of presenting every Indian home with a European kitchen. We feel profoundly privileged to have changed the modular kitchen industry in the country by bringing the best of Europe to Indian homes. We believe in creating timeless products that last over decades. We believe in creating homes that make a statement & promote healthy living. We are a team of energetic and positive individuals, with a drive to put a smile on every client’s face. We are ethical by practice and transparent in all modes of our business. We are humble in nature and believe that problems are a part of life. We take ownership of any problem and stand by our clients and ensure that the best is delivered. We are a differentiator and we believe that we will elevate the home interior industry. As a part of our core process, each and every finished raw material and hardware is handpicked from the best in Europe, catered to suit robust Indian cooking practices and made to last forever. We have evolved over time and so has our product line; from kitchens & wardrobes to complete home interior solutions. Our promise is to deliver only the best and create stylish European homes. Würfel is the most successful B2B modular kitchen brand with 30+ showrooms across the country. We believe in growing together and creating successful businesses for positive and high-spirit professionals.

Solid Racks are world leaders in ergonomic and innovative architectural storage and building solutions and cater to a growing market for strong and reliable storage solutions. Our products are used globally by Olympians, top sporting clubs, leading physios, world champion surfers, nursing homes, schools, and offices. With the rise in demand in Australia, the team at Solid Racks implemented a dedicated research & development division within their manufacturing plant in Sydney, Australia, after being inundated with requests from consumers wanting individual solid storage solutions for their homes and retail spaces. The Solid Infinity System is patented and is rapidly generated interest from some of the world's largest gymnasiums as well as multi-industry heavyweights who are now clients and converts of SIS gym. 4 years ago we were recognised for space-saving deliverables in pre-hab and rehabilitation, thus being installed in Manly Waters Private Hospital, numerous national physiotherapy practices, and the European Tour Performance Institute's mobile physiotherapy unit for the PGA Golf professionals. This year we developed a new range of stainless-steel storage solutions for watercraft – both mobile and stationary. These units allow dowels to move up and down a channel thus increasing storage and giving much easy access to boards. It is the first type of product offered in the world and is now being used across surf clubs around Australia. Solid Racks patented product awards and accolades include: winners of the Australian ABC New Inventors, finalists in the Australian Engineering Awards, finalists for Innovation Telstra Business Awards, and shortlisted in the Australian International Design Awards to name a few. This year also marks the year that we are looking for partners to help us expand overseas. We are passionate about our product and are extremely confident that a global market exists for us. Distributors do not need a lot of space or investment to become a reseller but we are looking for the right fit.