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Businesses For Sale   >>   Textiles and Materials Manufacturing Businesses For Sale

The Lacy Textile Factory For Sale

Location  Latvia
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1901
Number of Employees  50 - 99
Relocatable  No
Number of Employees  50 - 99
Real Estate  Owned

Description  
The lacy textile factory for sale. Price: 2 400 000 eur. The land, buildings, office premises, shop, warehouse + business The main building - 11,221 sq.m. The industrial building - 1,900 sq.m. The building, the former dining room - 208 sq.m. The industrial building - 590 sq.m. The office building - 554 sq.m. The warehouse - 790 sq.m. Year of construction of buildings - 1912, 1965. There are 3 artesian chinks, transformer station of 1,260 Mv capacity. (Depth of one of them of 120 metres, is used for extraction of technical water for painting). The boiler-house. Partially buildings are leased, income from leasing - 10,000 dollars a month. Business works since 1880. For today 35 % of capacity of factory are used. Delivery occurs to Russia, Norway, Estonia, Lithuania, Ukraine. 98 persons work. There are all necessary certificates (certificates Russian notions institute). The sale reason - the necessity for money. The annual turnover - 1 230 000 eur. The net profit - 40 000 eur. There is a new equipments on painting and on an ironing. There are ironing machine tools, braiding cars, lacy cars, a minibus. It is the unique enterprise In Baltic countries and the unique enterprise in the CIS countries. It is one of the biggest producers of textile-haberdashery goods in the Baltic States. The factory was established in 1880 and hasn't changed the field of activities since then. However, by now modern technologies, equipment and new kinds of textile goods have been introduced. Basic assortment: decorative satin and nylon ribbons, ribbons for zippers, various bands/cords/strings for household needs, technical tapes, braid, shoe-laces, cords, fringe, trimming ribbons for clothes and sportswear, ribbons for curtains; linen and cotton lace, jacquard trademarks, labels, logos and other goods.


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