Niche Industry Opportunity : This Business was established in 2006. It is a partnership firm with 2 partners. This is a niche industry with limited competition.
They have 2 manufacturing facilities and one office in Industrial areas in Hyderabad. The area of facilities is 3500 and 3000 sq.ft while the office has an area of 1100 sq. ft. All these premises are on rent with the total monthly rent of INR 1.1 Lakhs. Currently,28 people work in this business.
The main products manufactured by them are Industrial Laundry Machineries, Dry Cleaning Machineries, Ironing and Finishing Equipment, Boilers and steam generators and other related laundry equipment. They mostly manufacture customized products at the direct order of customers and provide after sales services too. Their major clients are hotels, resorts, hospitals and some government organizations. Most of these are spread across Maharashtra, Andhra Pradesh.Telangana, Tamil Nadu and Kerala.
The previous year revenue is INR 3.6 Cr with a profit margin of approx 10%. Since both partners are old, they are thinking of retiring. They would also be open for a 48% equity sale at an asking price of INR 1Cr. The asking price for complete sale is INR 2Cr.



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