We are a family owned furniture manufacturer and exporter since 1977. The company uses German technology, machinery and local raw materials to produce durable outdoor tabletops. It has 3 registered patents, which are renewable after 2031. There are 50 dedicated employees. Products are sold and distributed in the EU and the US by regular importers.
The company operates on a 5 acres prime leasehold industrial land with buildings of 120,000 sq ft floor space. The leasehold is renewable after 2039 at a premium of USD 300,000 for the land authority. Buyers are entitled to substantial tax credits to offset future profits. It has unused capital allowances of USD 500,000 and unabsorbed tax losses of USD 2 million with the Inland Revenue.
Company assets are leasehold land, buildings, plant and machinery and inventory with a fair market value of USD 5.3 million. Intellectual property rights, brand, customer contracts and secured annual rental income of USD 60,000 are included in the equity sales.
This is an ideal investment for a China Plus One company seeking to mitigate US trade barriers and immediate start-up. The price for 100% equity ownership is USD 6 million.
