70% Share in Furniture & Design Business, Laos
Listing No. 856-0210
•Business: Furniture, Design & Fabrication
•Location: Vientiane, Laos
•Building: Factory
•Features: The business was formed in 1996 in Laos and opened a second factory in Vietnam in 2006. They specialize in manufacturing very high end be-spoke furniture for upmarket clientele. These include the hospitality business, hotels, resorts, restaurants and embassies.
The business also incorporates a design and textile business which compliments the furniture trade. They have provided furniture, textiles and design assistance all over the world including Laos, Vietnam, Myanmar, Cambodia and France. The current owners will retain a 30% share of the business and along with that comes a wealth of knowledge in the industry.
•Options: To purchase a 70% share in the business
•Potential: Catalogue of exclusive clientele
•Tenure: Leasehold, 10 years for land with factory
•Staff: Currently 6 salaried staff.
•Licenses: All licenses are current and come with the business
•Stock: Stock remaining at time of settlement is included in the price
•Online: The business has its own website
•Business Operational: Yes – same owner since 1996
•Transition: The owner will assist in transitioning the business for a short period after settlement, if required
•Reason for Selling: Retirement
•Financials: May be made available to genuine buyers, only after inspection and upon signing a Non-Disclosure Agreement
•Asking Price: $250,000 US Dollar’s
•Price Negotiable: Yes, near offers will be considered
•Security Deposit: To be advised
•Sale Terms: 10% deposit (to secure the business and remove it for sale) and the balance within 30 days. Ownership does not transfer until payment has been received in full
•More Information: Further details will only be provided after inspection
•Inspections: Strictly by appointment only.
•Agents: No Agent inquiries please
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