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Listing ID: 1998118

Joinery And Fit Out Company For Sale

Dubai, United Arab Emirates

BUSINESS SOLD

(Furniture / Fixtures and Inventory / Stock included)

Revenue: AED 1m to 5m

Cash Flow: AED 500k to 1m

Business Description

Looking for a wood factory or fit out company?

We are a fully operational wood factory and are able to execute complete interior design projects. We have carried out many joinery and complete fit out projects in restaurants, villas and malls in the UAE. We have established ourselves as a good quality wood factory and fit out 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 selling price.

The wood factory is located in Dubai with a size of around 7000 square feet, fully equipped with top of the line German machinery which are only 3 years old. Our workforce is made up of 31 staff including labourers, supervisors, sales, admin, manager, etc. The labourers all have labour camp accommodations which we pay for.

- The price of our machinery is 400,000 AED.
- They are only 2.5 years old and very well maintained.
- We have NO DEBTS or LOANS.
- We are 2 expat owners for this Dubai based LLC license which has 5 activities included in it.
- Revenue the 1st year of operation was 2M AED and 3.2M AED in 2016.
- We currently enjoy 120-day credit terms with most of our suppliers all of which we hold a good record with.

All of the profits of the first 2 years were used to expand the factory workforce and buy more machinery.
The current factory setup can easily handle an increase of 15 labourers without spending anything on overhead, machinery, supervisors or managers.

Reason for selling:
Owner is managing it from outside the UAE and finding it very difficult.

Asking price 500,000 AED. This is a real bargain price. It would take any investor 2M-3M AED to setup a similar factory. This it the perfect opportunity for someone looking to get into fit out or for someone that is in fit out and requires a joinery.

For more information call 055-569-7479. Only serious buyers that will sign and NDA and show proof of funds to be considered.

Property Details

Size:

7000 square feet

Years Established:

3

Property Type:

Lease

FF&E:

AED 550,000

Inventory Value:

AED 110,000

Other Details

Business Location:

Dubai

Premise Details:

Rented 7000 square feet area

Expansion Potential:

Great expansion potential. The factory is ready for expansion at a minimal cost. The current owners will help with the expansion.

Living Accommodation?

Yes
Labour camps provided for labourers.

Operation Details

Employees:

31

Trading Hours:

8:00am - 6:00pm

Support & Training:

Owners willing to support & train new investors for free.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Owner is managing the business from outside the UAE.

Selling a Business?

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