| Currency | : € |
| Price | : 1.000.000 |
| Sales Revenue | : 990000 |
| Net Profit | : 321000 |
| Employees | : 235 |
| Trading Hours | : normal office hours |
| Real Estate | : 350.000 |
| Living Accommodation | : house included (charming house) |
| Location | : Bulgaria, 40 km from Thessaloniki |
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Type of Business: Textile production factory
Fixed assets included: value more than 350.000 €
Machinery included: Yes (list upon request)
Location: Bulgaria, 40 km from Thessaloniki and 120 km
from Sofia.
Down Payment: Negotiable
Earnings before interest and taxes more than 420.000 €/yr, based on existing demand.
Type of transaction: share deal. (Premises, clients, etc. all included)
BUSINESS ACTIVITY: 235 highly motivated and cost-efficient employees are working in the premises which are part of the deal.
This production facility can be used for production of textile (apparel) as it in now used. (Actual production: 2000 shirts/day).
Expansion is possible.
The employees are highly motivated and in this part of Europe very cost-efficient.
HISTORY: The Company was founded in 1998 (in existing premises) and has been focused on fabrication of shirts since inception. The company was lead by western-Europeans since then. This has resulted in a very efficient production facility with a clearly above-average productivity per person, which is now a competitive advantage.
Number of employees:
2006: 235
2005: 200
2004: 165
Strategic advantages:
- Part of Europe since 1 January 2007
- Very easy to export to all European countries, including Germany and France
- Above average motivation of the skilled workforce
- Hard working mentality
- Very important: even in Bulgaria, good employees are now getting scarce. This region has the very important advantage that this is the only factory in the neighbourhood; hence, very good employees are available here, even if the company wants to grow considerably further. This is a strong asset of this deal.
- Currently one of the lowest labour costs in Europe
DAYS AND HOURS: The office maintains business hours from 8:00 AM to 5:00 PM Monday through Friday. Employees are working in two shifts.
EMPLOYEES: 235 people, working in two shifts.
It is easily possible to raise the number of employees to 400, within the existing facilities, working in two shifts.
Local management is available.
Very loyal work force.
FACILITIES:
- total: 5500 square meters
- 2500 square meters renovated production facility. 97,5% of the surface of the building is production and storage facility. (The offices use very little surface.)
Expansion possible.
- A very beautiful 3-bedroom house is making part of the deal (can be excluded if the buyers wants it to.) Very charming view on the lake. All normal comfort available, under floor heating included. Good overall condition. The value of the house is estimated at 86.000 €.
MACHINERY: All machines have been bought since 1998. list available upon request
OPTIONS:
- Excluding the house is possible
- The current owner is prepared to provide advice and help as much as the buyer wants, based on terms agreed.
REASON FOR SALE: The principal is looking to sell the business due to health related issues with his father, who was taking full-time care of the management of this company.
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