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One Of The Market Leaders Cabinet Furniture Manufacturers For Sale

Western part of Lithuania, Lithuania
Asking Price:
€1,700,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
€3,500,000
Cash Flow:
On request

Production of solid kitchen and other furniture (mass and custom), retail, and wholesale in Lithuania (with showrooms in the biggest cities), and custom work in foreign countries (Iceland, Sweden, other countries).

With its own production facilities (real estate value - from 1,300,000 EUR), it is fully equipped with modern furniture production equipment.

With a 30-year business history, the annual turnover is approximately 3,500,000 EUR.

Property Information

Real Estate:

Real Property Included

Location:

Western part of Lithuania

Premises Details:

Area of ​​production premises - 6338 sq m.
Area of ​​administrative premises - 561 sq m.
Area of ​​production premises is sufficient to increase production volumes by at least 50 percent.
Value of own real estate - at least 1,300,000 euros.
Forecasted growth in real estate value - at least 3-5 percent per year.

Size in square feet:
6,899

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Big. Already over 50 % of whole production goes abroad.

Competition / Market:

One of the market leaders and the most known kitchen furniture brands in Lithuania.

Reasons for selling:

The business is being sold because the actual business owner wants to retire from the business due to advanced age.

Employees:
62
Years established:
1996

Other Information

Support & training:

Full transfer of furniture production and full business management know-how and free consultation of the previous owner (up to 2 months).

Furniture / Fixtures value:
€50,000 - included in the asking price
Inventory / Stock value:
€150,000 - included in the asking price