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Furniture Manufacturing And Retail Business
Location: Zambia -> Livingstone & Lusaka
Industry: Manufacturing > Furniture Manufacturing




Business Summary

Kubu Crafts Ltd. is a Zambian manufacturer and retailer of high quality household, business, and lodge furniture & items, combined with the best of arts, crafts, and gifts from both Zambia and the region. The company was started in 1997, and now has 2 stores in Livingstone, and a main store at Manda Hill Centre Lusaka. The company currently employs roughly 75 employees. The company's workshop in Livingstone is a very modern workshop with sophisticated woodworking machines for maximum quality and efficiency.COMPANY OWNERSHIP: Kubu Crafts L.T.D is owned jointly by Roelf Bosman and Lucy
Renew. They are both South African Citizens, but have been in Zambia for over 23 years and have
resident status.
KEYS TO SUCCESS: Uncompromising commitment to the quality of the end product: quality
wood, quality workmanship, quality design, quality of end result. We supply excellent customer
service before, during, and after products are purchased or ordered. We are export ready and have an
export licence.
LOCATION: We are well positioned, being in both Livingstone and Lusaka to not only supply our own
products, but also the large selection of carved wooden, beaded, woven items, jewellery and accessories made
by local craftsmen in Livingstone, The artisans of Livingstone are poorly represented internationally, and we
feel that this project could really help change that. At both cities, we have strong admin and creative staff who
would be very capable of managing export markets and co-ordinating all the related issues.
Cell Lucy Renew +260-(0)977458576

Asking Price US$860,000 Includes the factory workshop and property including all equipment, all stock and materials at workshop and in stores.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $750,000
Cash Flow:   $30,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $634,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  1999
Number of Employees:  50 - 99
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  On-going
Reason For Selling:  Directors want to consolidate and concentrate on their restuarant.




Print Listing Id: 700329049
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