The owner is considering retirement within the next few years, but is prepared to manage through a considerable transition period. The main business is a wholly owned foreign enterprise (WFOE) established seven years in China, properly registered and profitable with no debts, loans or other encumbrances. Annual sales are around USD2.5m and profit is around USD350k per year. Would consider selling group as a package with Hong Kong company (est. 7 years) and Australian company established 18 years. Clients in Japan, Australia, NZ and UK. Currently re-orienting the company to more domestic sales as costs rise and market grows. We produce flooring, decking and furniture and have been located in the same factory from the outset. This factory can be expanded.
Stock, equipment and cash to the value of approximately USD2m. Realistic about price. The advantage of this business is that it is well established with a good reputation. The hard work of set-up and transition through the GFC is behind us and there are excellent prospects for growth, particularly in the domestic market. Within one hundred kilometres of the factory are 40 million consumers and this is the richest part of China. There is no need for major re-investment and income stream is solid with an established and diverse client base.
Work force of about 40 including office staff of three. Very stable with good and dedicated managers. Morale is good.
Within an industrial zone with warehouse in a nearby area, Near Shanghai.
Total leased area of about 5,500m2 of factory and warehouse area.
Two further floors available totalling 3,000m2.
Support & Training:
Willing to remain on modest salary for about two years by negotiation.
Partial financing available.
Reason For Selling:
I am 59 years old and my wife is 55. We are not in any hurry to move on, but we have to be realistic about how long we can continue with the energy levels required to keep developing the business.