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The Lacy Textile Factory For Sale
Location Latvia
Asking Price Range $10.0M - $20.0M
Gross Revenues $99999
Net Profit / Cash Flow $99999
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 20 - 34
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Description City: Riga
Country: Latvia
Currency & Price: EUR 10,000,000
Description: 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 1260 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 - 10000 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 - necessity for money.
An annual turnover - 1,230,000.
40,000 - net profit. There is a new equipment on painting and on an ironing. There are ironing machine tools, braiding cars, lacy cars, a minibus.
In Baltic the unique enterprise, 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. Contact for more information on this textile factory for sale.
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