The Lacy Textile Factory For Sale

Business description

City: Riga
Country: Latvia
Currency & Price: EUR 10000000
Description: The main building – 11221 sq.m.
The industrial building – 1900 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.

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Property information

Real Estate:

Real Property Included