- Ad ID2065
- Posted On1 year ago
- Ad Views500
- Price24,000,000 ₱
Profitable Handkerchiefs and Neckties
The company started as a small scale supplier of handkerchiefs to outright accounts in 1999. Along the way in 2012 the owner realized the business potential in malls as a consignor supplier. He then grabbed the opportunity to supply one of the country’s premier malls with these quality products. With satisfied customers, the business grew fast supplying other leading malls and boutiques nationwide. The demand has increased tremendously so much so that the company has expanded year after year. Due to the massive growth the owner needs a partner who can buy shares of stocks and participate in its operations if necessary. A 40% buyout by the prospective buyer is just the right move to expand the company and give opportunity to the new partnership. The company’s products are seen salable in more malls not only in Metro Manila but nationwide. A potential for new product lines await the new partnership. This is part of the company’s strategies and market development program. The owner’s long term vision is to enter into an IPO offering.
The company has shown average of ₱45,500,000 sales revenue at 28% net profit.