Phuket Boat Repair And Carpentry Business

[SunbeltAsiaAdvisor]

This professional carpentry business was established in 2005 and specializes in boat repair and decking, painting and anti-fouling paint, internal paneling and teak wood, as well builds furniture for homes, kitchen cabinetry and flooring and outside decks.

The company has quality skilled personnel and offers efficient personal service and so sees many repeat customers and has good word of mouth. All the employees have more than 20 years of experience in boat repairing and wood working.

There are currently 10 employees with four of them with the company since its start. salaries are 145,000 baht per month and are assigned according to skill level and experience. Salaries start at 450 Baht a day with the most skilled employees earning 900 Baht a day. Most salaries are calculated on a per day basis.

Annual receipts total around 5 million baht with a healthy net income. Expenses other than salaries include a monthly rent of 35,000 baht. The lease expires in February 2014 and has a one year or 3 year renewal option. A security deposit of 80,000 baht is included in the selling price as is a Thai company.

Assets are valued at 2,5 million Baht and inventory is currently at 150,000 Baht. More detailed information on the business will be disclosed to a serious buyer by the seller.

Family concerns require the owner to move back to his home country.

ASKING PRICE : 12 million Baht

(BKK14311)

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