(UPDATE! The owner has reduced the asking price from 230,000,000 baht to 190,000,000 baht, as he is keen to enjoy retirement. He will still retain 10% of the shares however, as believes in the company, and wishes to assist the new owner in ongoing operations, thereby maintaining extremely healthy profits). This Bangkok Company was established in 1985 and operates as a publisher of motorcycle magazines and as a manufacturer of spare parts and decorative accessories for motorcycles and cars. This is a large and well established turnkey operation with 150 fulltime employees in place. More than 200 brand name items are being produced, and they are well-known in not only the domestic market, but overseas also, with more than 500 customers currently being supplied. Many dealers import the products into countries such as the Philippines, Malaysia, Indonesia, and Greece. This leads to annual receipts of 120,000,000 baht and net profits 36,000,000 baht per annum. Excellent marketing strategies and product positioning have been paramount in the success, and this has been highly effective in all market segments. The company operates from two steel structured five storey buildings situated on one rai of land, using high technology machinery imported from America and Japan. The current owner is offering this company due to his desire to enjoy retirement, after spending the last 20 years building up this enterprise to a position of strength. He is willing to be a supervisor for the new owner, however, and hold 10% of company shares, as he believes that this business will continue to enjoy a very bright future.
Asking Price $4,750,000
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