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Synthetic Yarn Processing With Property For Sale
Location Virginia,United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $12208000
Net Profit / Cash Flow $658000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1900
Number of Employees 50 - 99
Inventory 2600000 & $3 million property
Relocatable No
Number of Employees 50 - 99
Real Estate Owned
Training Key employees will stay on after the sale. Owner will stay on for as long as a new owner needs.
Reason for Sale Age, Secure retirement.
Description This fine Virginia based business for sale is a processor of synthetic fiber yarns with the company starting in 1898 and the current owners purchasing the business in 2006. This company is centered for textile companies on the east coast and located 5 miles from a major interstate. Types of yarns they produce are used in: Hosiery (Pantyhose, tights, trouser socks, socks and medical), Lace Yarns (Raschel, Jacquard, Jacquardtronic and Binary), Circular Knit Fabric Yarns (knit dye select available), Micro Fiber Stretch Textured Yarns, Weaving Yarns, Narrow Fabrics Yarns and Sewing Threads both textured and twisted. This business offers a new owner a large clientele base domestically and internationally. Call today for full details!
This Virginia based business for sale is well known throughout its industry for its honesty, performance and quality of workmanship, meeting deadline schedules and completion of work internationally. The company owns its own transformers and purchases electricity at 12,470 Volts which significantly reduces electric costs. The ISO Certified company offers a rare combination of a niche' market, and performance year after year, with future potential growth in the USA and the International market place, with an experienced workforce and a owner that will stay on through a transition period for as long as a new owner needs.
85 percent of their primary business activity goes towards stretch textured yarns, and 15 percent is for single end or cable twisting synthetic fiber yarn.
Located on an 8.15 acre lot, the sq ft of three buildings are as follows: 224,000 sq ft, 115,000 sq ft & 3,000 sq ft. There is ample room for machinery, manufacturing and office space. There is also many loading docks and fenced parking areas. With room for expansion the property is valued at $3 Million and included in the sale.
Inventory, equipment, 1995 GMAC Astro Van and property are included in the sale.
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