Retail Furniture Store & Warehouse For Sale

[SunbeltAsiaAdvisor]

A well established furniture business has become available for acquisition due to the impending relocation of the owner and his family to the North of Thailand. This operation was established over 12 years ago and the current owner has been in place for the past 2 years. The business has a retail outlet and a warehouse for storing the numerous items of furniture, which are sourced from various countries within Asia. Professional suppliers source items such as stoneware ceramics, bronze statues, woodcarvings, lacquer and works of Art, which are displayed for sale in the Sathorn based shop. There are a team of 6 full time staff in place, including a manger, drivers, sales staff and a carpenter. The total monthly payroll is approximately 50,000 Baht for the entire workforce.

The shop unit measures 300 square meters over 2 floors and is well decorated to create a relaxed and homely atmosphere. The shop unit is rented on a renewable 3 year lease at a monthly rate of 80,000 Baht. The warehouse, which is used for storage of the stock, is also on a 3 year renewable lease and as 2 floors are currently being subleased profitably, the total payable monthly rent is 17,000 Baht. The business includes a limited company that would facilitate a work permit and recent dealings with a well known Bangkok hotel has the potential to further increase sales. For the 2010 financial year, the business generated total sales of 4,170,000 Baht, from which net profits totaled 1,290,000 Baht. The sales figures were badly affected by the protests in the early part of 2010, however since then business has recovered and much promise has been shown so far in 2011.

NEW ASKING PRICE: 7,500,000 Baht, including the shop, warehouse, repair activities, limited company, brand, supplier network, licenses, website, email marketing software, client database, rental deposits, stock, delivery truck and all assets;

OR

NEW ASKING PRICE: 7,000,000 Baht, including all items except for the limited company, licenses and rental deposits.

BKK14169

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