Furniture Company Investment Opportunity in Ba Ria, Vietnam

- We specialize in the manufacturing of wooden furniture, with our products exclusively exported to the United States and Canada. Our journey began in 2016, and over the past four years, we have experienced significant growth, achieving annual revenues of USD 4.5 million in 2020. However, amid the challenges posed by the pandemic and economic downturn, our turnover declined to USD 1.05 million last year.

- One of the key factors contributing to this decrease in revenue was our commitment to ensuring secure financial payment terms for our clients. By maintaining a policy of FOB (Free On Board) terms with a 30-40% deposit upfront and the balance payable within 10-14 days, we effectively mitigated the risk of inventory losses. - This approach has proven successful in safeguarding against bad debt, with no instances of non-payment recorded during the past three years.

- Furthermore, we have actively pursued corporate customers by establishing a comprehensive compliance system tailored to meet their social and quality audit requirements. This strategic initiative has enabled us to forge strong relationships within the industry, including connections with key representatives of furniture companies in Vietnam who can recommend our services to potential buyers.

- In our sales efforts, we incentivize our sales team in the United States to effectively reach out to buyers, particularly for project-based engagements. Currently, we maintain relationships with four active buyers, while six inactive buyers have scaled down their operations due to various reasons.

- Despite our focus on qualitative rather than quantitative revenue growth, characterized by our commitment to secure and prompt payment terms and targeting a 15% net profit margin, we remain optimistic about our trajectory. While revenue may have been impacted, our strategic approach ensures sustainable profitability and resilience in the face of challenges.

- Business has a registration certificate.

We appreciate considering our business profile, and we look forward to continued success on this path of prudent financial management and quality-driven growth.

We specialize in the manufacturing and supply of a diverse range of products tailored to meet the needs of buyers supplying general contractors in the construction industry. Our product offerings include:

Kitchen Cabinets: We provide high-quality kitchen cabinets designed to meet both functional and aesthetic requirements. Our cabinets are crafted using premium materials and innovative designs to enhance any kitchen space.

Bathroom Vanities: Our bathroom vanities combine functionality with elegance, offering a wide selection of designs and finishes to suit various preferences. Built to withstand the rigors of daily use, our vanities provide both style and durability.

Bedroom Furniture: From bed frames to dressers and nightstands, our bedroom furniture collection offers a blend of comfort, style, and practicality. Each piece is meticulously crafted to create a relaxing and inviting bedroom environment.

Additionally, we offer:

Decorative Panels: Our decorative panels are ideal for wholesalers supplying contractors looking to add a touch of sophistication to their projects. Available in a variety of patterns, textures, and finishes, our panels can be used to enhance interior spaces with elegance and charm.

Whether it's outfitting kitchens, bathrooms, and bedrooms, or enhancing interior spaces with decorative panels, we are committed to delivering products of the highest quality that meet the diverse needs of our buyers and their clients.

14,000 usable warehouse built on; Woodworking machines, 01 UV painting line, 02 painting lines.

- 14,000 sqm usable warehouse, located on 17,500 sqm land.

- The facility is located in an industrial zone and is leased by the owner for the next 38 years.

- We paid for a whole rental fee of land in 36 more years. We own Red Book.

- We newly built the factory and interested investors may see photos/ videos later.

- We funded 1.2 million USD with an outstanding loan of 3.4 million USD.

- We have 5 owners with shares following 55%, 15% 12%, 10%, 8%