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Businesses For Sale   >>   Sri Lanka Businesses For Sale Categories   >>   

Auto Seats And Seat Cover Industry For Sale

Location  Sri Lanka
Asking Price Range  $500K - $1.0M
Gross Revenues  $3120000
Net Profit / Cash Flow  $3120000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1996
Number of Employees  10 - 19
Relocatable  Yes
Number of Employees  10 - 19
Real Estate  Leased
Training  Available.
Reason for Sale  Insufficient working capital.
Description  We are the largest manufacturer of seats & seat covers for the automobiles including cars, Motorcycles, Trains and Boats in Sri Lanka. We are the market leader in the same fields and the only exporter, having automobile seats exported to Japan. Our seats were well accepted by buyers in the world. Only company was invited by the USA largest school bus manufacturer to take part in their vendor conference in USA. We have won several awards for the achievements we have made during past few years. Already we have negotiated for very good potential future business in the Automobile seat manufacturing and the agreed & expected minimum turnover of a single order alone is US Dollar $3,120,000/=, per year where the Gross profit could be expected US Dollar $936,000/=. In addition, had done the negotiations with few other Automobile assembling companies in Sri Lanka for the supply of seats, and they have pre selected our company as their seat supplier. Once, all the future orders realized, the Turnover and the Gross Profit would be very huge. Above potential is in addition to the local market (after market) sales. Also, there is a high potential for the right partner to secure more business in India and Pakistan, based on the duty free agreements which our country has signed with. Even though the future potential is high as above, we have decided to sell our company due to insufficient working capital and the minimum asking price is USD $600,000/=. If the buyer wishes, we could assist him in the operations for some time, until he gets established. The offer for sale will be finalized, no sooner we get the right offer. Please forward your offers by e mail with your details to: J.T.Weerasuriya Chairman & Managing Director Araliya International Group, No. 76, Industrial Estate, Katuwana Road, Homagama, Sri Lanka. araliyainternational.com Contact for more information on this Auto Seats And Seat Cover business for sale.
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