Established Hard Luggage Manufacturing Company For Sale
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Product / Service
They are into manufacturing of hard side trolley bags in various colours and specifications. They have 3 sizes with a total of 22 SKUs.
Clientele type
Manufacturing under own brand and OEM for brands like Nasher Miles, Swiss Traveller, Swiss Military.
Premises
LEASED
Lease per month (in INR): 1.28 L
Security Deposit (in INR): 3.50 L
Carpet Area: 8,000 sq ft
2 premises one on the ground floor and the second one on the first floor in the industrial area of Vasai East, District Palghar, Maharashtra.
Asking Price Includes
Full sale with complete plant & machinery, on going operations, factory space (lease to be renewed in new name), clientele, vendors and suppliers, trained staff for managing the operations
Reason
The promoter is a green card holder and is looking to move to US in sometime.
Other Details
It is a bootstrapped family owned business, managed by the founder and a team of 20 to look after the daily operations of the business. The team comprise of 2 production manager, 2 accountants, a store manager, 15 skilled labours on the production line. They have outsourced some production in Nashik, where they have team working there on contract basis. The team manages entire production and procurement from the vendors that supply material to companies like Samsonite & VIP. Sales and Marketing is undertaken by the owner. The business has a very good growth potential and we have an early mover advantage. The growth in luggage industry has been quiet remarkable post covid and it continues to attract more and more people to invest in this sector. Earlier they used to manufacture 100% of their own production however, now they have a 50% of their own brand and 50% of OEM brands.
Business Tags
₹10 to ₹200 Cr
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