Asking Price: ₱45,000,000 Inclusive of about ₱5M inventory + VAT.
Sale is a 100% sale of shares and assets and includes a Singapore-based supplier company; own brand of Industrial Chemicals; own brand of Construction Materials.
Owner is a reputable businessman who wants to give new owner the best support possible; turn-over the company clean and without liabilities.
This is an established industrial, fire, construction, mining and medical PPE (Personal Protective Equipment) accredited with (pre-covid) Top 3,000 companies in the Philippines supplying PPEs to about 1,000 active clients. 80% of sales come from exclusive distributorship. This business has:
Nationwide retail in major hardware outlets in malls and reputable hardware and construction store brands. Their sales channels include retail, online selling, dealers and corporate and institutional selling.
Products include: head protection, body protection, fall protection, hand protection, foot protection, fire protection, traffic safety, safety signages, eyewash station and other products. Products produced in four countries outside the Philippines. 80% of sales comes from exclusive distributorship.
Its own brand of building materials for construction and architectural projects.
Its own brand of Industrial chemicals include: concrete remover, emulsifier solvent degreaser food grade oil, safe rust remover, water- soluble degreaser, high- tech insulating varnish, safe contact cleaner, high- heat aluminum paint, high-temperature grease, aircon cleaner and others.
Has nationwide dealership network; a certification on American Standard and is a member of the World Safety Association; an Inventory System using Sage50 accounting software; exclusive supplier contract from 4 countries: Taiwan, China, Spain and India; operations Manual with Process Flow. There are opportunities for future expansion in Visayas and Mindanao. According to owner, existing credit lines (because of company credibility) with major banks are available.
Included in the sale is an overseas based company worth ₱15M which is also owned by the seller. This company serves as a major supplier of their fast-moving inventory.
The total moving inventory that will be turned over to the buyer amounts to about ₱5M.