Asking price: £1,150,000

Sales revenue: £1,400,000

Net profit: £250k < 500k

Fixtures value: £300,000

Stock value: Undisclosed

Business description
GHNP Brokers are pleased to present this very successful digital textile factory and clothing business based in Slovenia (EU membership since 2004) the factory produces own label merchandise as well as cutting and finishing for third parties including clients from Italy and elsewhere. The product range is predominately ladies lingerie and swimwear. Sales are to both the domestic market and export to the EC, notably Italy, Austria and Germany. The factory runs at about third of its capacity (one shift) and is therefore ideal for acquisition to increase supply for an existing business. price 1.5 millio Euros

Years established: 9

Employees: 50 of whom 45 are in production

Property: Freehold

Location
The factory is situated Slovenia. There is a total area of 2,800 sq m over two floors with the production area covering 1,750 sqm. Slovenia has a high-income developed economy which enjoys the second highest (after Cyprus) GDP per capita ($28,010.76 estimate for 2008[2]) of the newly joined EU countries which is around 91% of the EU average. Slovenia's economy has started to grow more strongly in the last few years (7.2% in first quarter of 2007, 5.7% in 2006, 4.1% in 2005), after relatively slow growth in 2003 (2.8%). Overall, the country is on a sound economic footing. The Euro was accepted as the currency from 2007.

Expansion potential
As the factory currently only runs on a one shift operation there is huge potential for growth.

Reasons for selling
Retirement