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Products/Service

Our client is running a trader of all kinds of welding equipment. Be it Spot welding, Arc welding, Plastic welding all your needs will be met. Along with all the standard equipment they also cater to customized needs. They are located centrally in Mumbai and the Business is more than 50 years old which has earned them a lot of trust in the industry. Half of their customers are walk-in while the other half are contractors who are regular customers. The premise is around 800 sq. ft. which is available for the business on rent. Last year they had a revenue of around 2 cr with a net profit of 68 lacs. The total revenue including cash component was around 3 cr. The Business is on offer at book value, while the actual business value is higher. The sale doesn't include the land which can be rented to the buyer. The asking price is INR 2.6 Cr

Reason

The owners are looking to retire due to old age. Their children have diversified into other fields.

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