Bitcoin Forum

Want to sell: Offline Garments Manufacturing and Retailing Business, located in the Philippines.

Price: http://btc-priceimg.herokuapp.com/img/1830000.01 or less than 2M USD.

Includes the following:

1. 180+ employees, including middle management, tailors, sewers, master cutters, and promodizers (the people inside the selling area.)
2. A business that makes ready to wear or off the rack clothes, barong tagalogs, long sleeves shirts, office attire, pants, formal jackets, coats, blazers. Barongs include fabrics such as pina, jusi, and cotton linen.
3. Retail locations in the largest malls, including 20 SM Stores, 7 Robinsons Department Stores, and 2 Landmarks (Landmark Makati and Landmark Trinoma.)
4. All inventory which are already in the stores, all inventory in the warehouse. At any given time, approximately 20,000 pieces of clothes.
5. Domain names and hosting, but this is an offline business, so the website is actually just a pointer to our physical locations (an advertisement).
6. All internet related banking and business tools, such as BDO (Banco De Oro) and RBank.
7. The factory, located in San Pedro, Laguna, with a total floor area of 800 square meters, 3 floors.

This is a family run business, the ready to wear division first started in 1998 September. We also have a custom tailoring (made to measure or bespoke) division, a corporate uniform division and an alterations division, all of which operate separately, the earliest which started in 1946. Only the RTW division is for sale.

All divisions except the alterations share the same corporate brand.

We used to be one of the top three subcontractors in the Philippines for brands such as Levi's, Wrangler, and Girbaud. (all denim brands.) before they stopped outsourcing their manufacturing requirements.


Why? My father wants to retire, and the rest of the family wants to take a sabbatical, and I'm the only escrow they trust who will handle the bitcoins. We will focus on the custom tailored clothes, and the semi-custom corporate uniforms businesses.

Seriously interested parties may offer a 5 BTC bond for further information, and some sort of proof that you, or someone you know can actually buy this entire business. (or show me a wallet with more than 1000 BTC and sign that address using Bitcoin Core.)

Oh yah, you probably need to be here to run it, or find someone to run it for you (like a professional manager type.)

You'll need to provide some documents and obviously some kind of identification of your business registration that can be checked over with the Philippine government if someone is going to take you seriously.

Anyone who is seriously interested will probably PM him and do all this personally.

if you find a bunch of people interested. i would be interested in paying 1.25% for a 1% share.

gl with the sale.

An IPO for a garment manufacturng unit might be a great idea.

How much revenue is currently generated by the business? How much is the yearly profit/turn over the business sees?

I can vouch for Dabs in that his family does in fact own a clothing manufacturing business, and that he is being 100% honest in this listing.  I will say this, though... he probably won't discuss financials in an open thread.  I know I wouldn't.

If you're seriously interested, I would take it to PM.

-Fuse

Based on the selling price, you should be able to make an educated guess. This isn't a bitcoin business that makes money in 6 months, then disappears before the year is over. Returns and profits are much slower.

I'm not actually expecting anyone to come from this forum, but ... hey, you never know. There are some rich people out there.

There are other reasons for wanting to own a small but profitable offline business that has no problems with local government and has paid taxes for the last 16 years, and the parent company around for more than 4 decades.