Profitable Automotive And Furniture Leather Business In Dubai For Sale

Description

Three years in business.

Location

Warehouse in Al Quoz, Dubai.

Work

Leather work for automotive interiors and furniture.

Customers

Approximately 80% of customers are repeat or long-term clients.

Premises

Warehouse area: approximately 1,100 sq ft

Annual rent: AED 84,000

Payment: 4 cheques

Team

Current staff: 4.

Accounting and sales roles are included in the team.

The owner also works in the business.

Payroll

• Owner-manager: AED 32,000 monthly
• Other staff: AED 13,000 monthly

Financials

• Monthly revenue: around AED 230,000
• Annual revenue: around AED 3 million
• Average monthly profit: around AED 80,000

Business Relationships

• Mansory
• Qiwani

Assets

Stated total asset value: approximately AED 75,000

• Sihai 2014 model vehicle — AED 40,000
• 2 Vigo units — AED 30,000
• Mitsubishi Fujairah vehicle — AED 45,000

Asset figures: seller confirmation required

Asking Price

Price: AED 1.7 million

Negotiation is possible.

Further Information

Remaining details after NDA.