Business Overview
- The business focuses on the manufacturing of non-woven bags.
- The main products include D-cut bags which are best selling and others are W-cut bags, and box bags, catering to both retail and wholesale customers.
- Boasts a network of 50 distributors within Odisha.
- With a production capacity of 5 tonnes per day and a customer base of over 100 clients, the business primarily receives orders through personal calls, predominantly for bulk orders.
- The business model offers low maintenance and requires minimal owner involvement, allowing for passive income generation.
- Marketing of the products is considered easy, with a consumer-friendly and eco-friendly product range, supported by the government of India.
- The business is profitable, with a minimum average of 10% profit margin and is well-positioned to benefit from the increasing demand for eco-friendly products.
- Sales have declined this year due to the promoter's reduced focus on the business while planning to establish a new venture.
Products & Services Overview
- The business specializes in manufacturing non-woven bags, with top-selling products being D-cut bags.
- Other products include W-cut bags, and box bags.
Capitalization Overview
This is a general partnership company with 2 partners who have an equal split of ownership in the company.
There is no outstanding debts or liabilities in the business.
Assets Overview
Tangible assets include a non-woven automatic box-making machine along with all its required equipment.
Full Sale
Asking Price:
USD
14 thousand
(Native Currency: INR 1,200,000)
Reason:
The owner is looking to sell the business to start a new manufacturing facility in a different area ...
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Includes physical assets worth
USD
10.5 thousand
Interested to connect with advisors
In talks with 2 Investors