EBT1047 - Furniture and Home Accessory Retail Boutique For Sale

An active partner is sought to assist in the expansion of this trendy and unique Bangkok home furnishing and accessory boutique. In operation since mid-2007, the shop focuses on offering distinctive home furnishings that are difficult to find in the larger retail chain stores. The current location is well positioned in a popular and high-traffic area of the city while still providing a relaxed and enjoyable experience for the customers. The showroom itself encompasses approximately 360 sq. meters full of furniture and accessories for sale and there is a further 120 sq. meter warehouse off-site. The showroom lease is on a 3 year plus 3 year basis and currently is payable at 70,000 Baht per month. There are 2 full-time staff including the owner and a further 2 part-time staff who assist with the sales and operation of the business. Because the current owner prefers to be very hands on with certain areas of the business, they would like to bring in an active equity partner who can both engage in marketing and PR activities as well as inject capital to further expand the business. An investment of 3,500,000 Baht will secure 50% of the shares of the business which will be used to purchase further inventory, expand to a new location, marketing and PR activities, and inject further working capital to ensure success of the expansion. 

Asking Price: 3.5 Million Baht for 50% Equity