An Eco-Friendly Paper Bags Manufacturing Business Looking for Exit in Mumbai
An Eco-Friendly Paper Bags Manufacturing Business for Sale near Mumbai:
This Private Limited Company was established in 2002 with the intention to manufacture and sell eco-friendly packaging solutions. The company is owned by Son and Father having 100% stakes with equal partnership. The company started with a small setup with solely manufacturing doctor stationeries. In 2003, they installed a paper bag manufacturing plant within their facility and ventured into making paper bags which led to having a base of about 350 clients till 2005, providing solutions to retail, food, gem, and jewelry, hospitality and many more industries.
Meanwhile, in 2007 they also ventured into one of its kind - skill development and training program, which is affiliated to one of the most prestigious Institutes. By 2014 end, due to the need of expanding the business, they moved near Mumbai on a 5 year leased property with INR 65000 rent per month, and since then, they have been constantly working closely for prominent clients who have top brands in Apparel, Food & Beverages, Hospitality, and Footwear Industries and much more.
Due to continuous growth in retail, food, hospitality and Fashion industry, there is a huge increase in demand; with a vision of expanding exponentially in the coming years since the scope is tremendous into eco-friendly manufacturing, hence, requires investment. But, the promotor now wishes to sell the business due to personal reasons.
With state of the art machinery, the revenue for the year 2016 - 2017 was INR 1.4 Crores.
The Asking price for the complete business is INR 3.5 Crores(Negotiable).
Business Documents Verified
PAN Card - Company
Audited Financial Statements FY 2016-17
Audited Financial Statements FY 2015-16
Audited Financial Statements FY 2014-15
Audited Financial Statements FY 2013-14
Certificate of Incorporation
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Verification of the listing does not imply that Asking price reflects the valuation of the business