Products/Service

Wholesalers, Retailers, Stockist, Dealers Traders of Wide range of CastorsS & Trolley Wheels [ NICHE PRODUCT ]

Clientele Type

The product line is used in all sort of industries from domestic to commercial. PAN India clients.

Premises

The leased retail outlet of 750 sq.ft. in the Heart of Prime Location & one of the Oldest & Busy Industrial Hardware Market in South Mumbai with Heavy Footfall & well connected to all ways of Transportation & services nearby. The leased retail outlet is on rent of INR 65,000 per month.
It also includes 3 Self-owned Small Offices on the 1st floor Next door building used to hold product stock for current business. The areas of these 3 offices are 95 sq.ft., 85 sq.ft., 165 sq.ft.

Asking Price Includes

BUSINESS, GOODWILL

Reason

Owner is moving Abroad

Other Details

THIS IS A TRADITIONAL BUSINESS RUN BY THE 4th GENERATION.
BUSINESS HAS STRONG GOODWILL IN THE MARKET ITSELF AS WELL AS WELL AS WITH VENDORS ALL AROUND INDIA. VERY STRONG PRESENCE ON INTERNET MARKETING.
THE PRODUCT LINE IS NICHE FAST MOVING PRODUCT & ALWAYS IN SHORTAGE & WELL DEMAND FOREVER CREATING ENDLESS FUTURE.
PRODUCT LINE HAVING COMPLETE ENTIRE RANGE OF ITEMS COVERING DOMESTIC TO COMMERCIAL MARKET NEEDS.
THIS BUSINESS WAS NEVER AFFECTED IN ANY KIND OF SLAG OR ANY KIND OF DOWNFALL. EVEN CURRENTLY IN TODAYS FINANCIAL SITUATION BUSINESS IS DOING GREAT AT IT OWN PACE & VOLUME.
BEFORE FEW YEARS THE CLIENTELE WERE DIRECT INDUSTRIES. BUT NOWADAYS ALL THE MIDDLE MAN SUBCONTRACTORS ARE OUR CLIENTELE WHO DO JOB WORK FOR BIG INDUSTRIES, COMPANIES & CORPORATES, ALSO FOR EXPORTERS.
ALSO INCLUDES OTHER DOMESTIC & NATIONAL LEVEL CLIENTS PAN INDIA & END USERS.
BUSINESS:
CURRENTLY BUSINESS HOLD STOCK OF INR 40 LAKHS to 50 LAKHS WITH TOTAL TURNOVER OF APPRX INR 3 Cr & OTHER DISCRETE INCOME.
GROSS PROFIT MARGIN 30 %
NET PROFIT INR 40 LAKHS YEARLY
WELL TRAINED STAFF WILL REMAIN AT IT PLACE.
BUSINESS READY TO GO SINCE NEXT DAY OF ACQUISITION
IMMEDIATE PROFIT FROM DAY 1st.
NEW OWNER IF MANAGED PROPERLY CAN GROW UNEXPECTEDLY DOUBLE SIZE SAME YEAR *ITSELF*OF ACQUISITION. CURRENTLY, THE BUSINESS RUNS AS SEMI ABSENTEE OWNER.

ASKING PRICE:
a) INR 3.5 Cr. (INCLUDES BUSINESS & GOODWILL) ONLY. The buyer has to pay rent if he only buys BUSINESS & GOODWILL and need to pay the monthly rent of INR 75,000 FOR ABOVE 3 Office premises located on 1st floor used as storage & also need to pay the ongoing Retail outlet lease of INR 65,000, Which may be effective with new BUYER.
b) INR 4 Cr. (INCLUDES BUSINESS, GOODWILL, STOCK)
c) INR 5.75 Cr. (INCLUDES BUSINESS, GOODWILL, STOCK, AND OWNED PREMISES WORTH INR 1.75 Cr.)

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