Listing Details : LB-14968

Asking Price 3 Crs
Turnover 77 Lacs
Legal Entity Private Limited
Category Manufacturing
Sub Category Hardware and Paint
Business Listed By Business Owner

Overview

We are pleased to present an exceptional opportunity to acquire a smart lock manufacturing company located in Indore, Madhya Pradesh. This business specializes in the manufacturing and assembling of card locks for doors, operating from a well-equipped 5,000 square foot facility on a rental basis. With our own established brand, we have successfully penetrated the market through both offline and online distribution channels, including prominent e-commerce platforms. Our current network consists of 20 to 23 offline dealers across India, enhancing our reach and visibility. We source raw materials from a diverse range of suppliers, including five domestic partners and four overseas suppliers, primarily imported from China. Currently, our production capacity stands at 500 locks per month, with an installed maximum capacity of 1,500 locks per month, allowing for significant scalability. This financial year, we are expecting 1.5 crores of topline bythe end of march 2025. This sale offers a unique entry point into the growing smart lock industry, backed by a solid operational foundation and a comprehensive distribution network.

Year of Establishment

2020

No. of Employees

17

Current Status of Business

Running

Business Relocatable

Yes

Property Type

Leased

Rental per Month

45 Thousand

Describe Property

N.A

Competition / Market

Yes

Products & Services

Manufacturer of Smart locks for doors (Card Lock)

Growth Potential

Very High

Reason For Sale

Personal reasons

Financial Details

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