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We are a fully operational wood factory and are able to execute complete interior design projects. We have carried out many joinery and complete interior design project execution in restaurants, villas and malls in the UAE. We have established ourselves as a good quality wood factory and interior design execution company. The business is complete with all necessary equipment, staff, tools, warehouse materials, on hand projects and license. All of which are included in our sale price. We would also consider a partner to buy part of the business and manage it with us.
The wood factory is located in Dubai with a size of around 7000ft2 fully equipped with top of the line German machinery which are only 2 years old. Our workforce is made up of 34 staff including labourers, supervisors, sales, admin, manager, etc. The labourers all have labour camp accommodations which we pay for.
We are 2 expat owners for this Dubai based LLC license which has 5 activities included in it:
- Carpentry and flooring contracting
- Floor and wall tiling works
- Painting contracting
- Partitions & False ceiling contracting
- Wall paper fixing
The company was establishment in 2014. In this short time we have achieved so much. The company has a great ready website with SEO implemented and have carried out many forms of online advertising. We are heavily engaged in social media. We have many pictures for our previous project and great marketing content such as prequalification, brochures, etc. We have carried out work for some big names in Dubai some of which are multi-national companies. We have also carried out jobs for some big 5-star hotels
Revenue the 1st year of operation was 2M AED and 4.5M AED in 2016. Profit per project ranges from 20% - 35%.
All of the profits of the first 2 years were used to expand the factory workforce and buy more machinery. The factory currently has the capacity to produce around 5.0MAED worth of work per year.
The current factory setup can easily handle an increase of 15 labourers without spending anything on overhead, machinery, supervisors or managers. With 15 new labourers the factory can produce around 9M AED worth of work per year.
We currently enjoy 90-day to 120-day credit terms with most of our suppliers all of which we hold a good record with. Because of our good record with them a credit increase can be negotiated with them if required.
We are currently fully booked for the next 5 months. The new owners can easily expand to produce more. Most of our projects have a 40%-50% down payments.
Return on investment- For the buyer this business is expected to make your return on investment in 3-4 years if run properly. If you spend an extra 150,000AED and expand the team, your return on investment could be achieved in less than 3 years. The potential this business has is massive. We are currently negotiating several big contracts to further increase our sales.
Reason for selling:
Owner is managing the business from outside the UAE. We would also consider a partner to buy part of the business and manage it.
Asking price: 4,150,000AED
Great Expansion potential at a very low cost. The current owners are willing to help with this expansion.
Owner is managing the business from outside the UAE.. We would also consider a partner to buy part of the business and manage it.
Owners are willing to support and train for a few months for free
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