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Manufacturer Of High Quality Furniture For Sale

Kyustendil, Kyustendil, Bulgaria
Asking Price:
€1M - €5M
Sales Revenue:
€1M - €5M
Cash Flow:
€500K - €2.5M

A manufacturer of high-quality contract and residential wooden chairs and tables is sold with the property or only with the equipment and a long term rental agreement. It is located on a plot of land with an area of 47,000 square meters (about 500,000 square feet), the main production hall is 12,900 square meters (about 140,000 square feet) and there are opportunities for expanding the scale of the existing and/or for the development of other production or logistics / warehousing activities. It is located 34 km from the main highway Sofia - Thessaloniki, 90 km from Sofia and 250 km from Thessaloniki.
The factory has complete technological cycle including kiln drying, solid wood bending, finger-jointing, machining, sanding, assembly, varnishing, upholstery matching the highest standards in the industry. The company has modern equipment (three CNC machines), a lot of experience in developing new products and is FSC certified. It has supplied thousands of chairs and tables to shops, cruise ships, restaurants and hotels such as Hilton, Marriot, Maritim, Leonardo, Costa, Vodafone, Frankie & Benny’s, Chiquito, Wendy’s, Hard Rock Café, TGI Fridays, etc.
The factory has a contract with a distributor with sales of 700,000 euros for the last quarter of 2021 and 3.5 million euros for 2022.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Real Property Included

Location:

The plot is located on a main street, 500 m from the ring road, 200 m from the customs and 500 m from the railway station.

Premises Details:

The plot is huge (about 47000 sq. m - 470 000 feet) with excellent strategic location. The main production hall has a reinforced concrete structure. There is a two-storey administrative building, several sheds for storing timber, garages and other buildings with different designation.

Business Operation

Expansion Potential:

The property offers a lot of opportunities for expansion. The capacity and respectively the turnover can be increased dramatically. There is versatile equipment, a lot of space and accumulated experience in many areas. even by hiring a few people in some areas the capacity can go up by 50%.

Competition / Market:

High priority in developing and producing each item is its elegant design, excellent comfort, strong construction and attention to every small detail. All the products undergo 100% quality control using special daylight lamps. What distinguishes us from many competitors is proper kiln drying, careful selection of the timber, precise joints using CNC machines, application of minimum three coats of high quality finishing products, use of only high density foam (45 kg/cubic m), excellent packaging in 5 ply carton boxes. We offer to our clients products excellent ratio between design, quality and price.

Reasons for selling:

The factory was bought by the current owner in 2001. Most of the equipment and existing technologies has been acquired and mastered over the last 20 years. The business as of today has been created during this period together with establishing the image of a high quality reliable manufacturer in many EU countries. The factory has a contract with a distributor which guarantees annual sales exceeding 3.5 million euros. To expand the business and utilize all existing prerequisites
an additional investment is required. A potential buyer whose plans are to preserve and expand the existing business will receive an additional discount. Depending on the plans of the potential buyer, there are several possible scenarios:
- the owner may continue his involvement in the factory, keeping minority package of shares and working together with the buyer on different projects;
- the owner may continue his involvement over an agreed transitional period;
- the owner may pass all his managerial responsibilities to a new management team immediately after the deal.

Trading hours:

Monday - Friday 8.00 - 17.00. At the moment the whole factory operates in one shift but could be organized a second or third shift on some machines.

Employees:
50
Years established:
1991

Other Information

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

It is possible to negotiate a scheme with a 50% initial payment and with the provision of the relevant guarantees, the rest will be rescheduled in several tranches.

Inventory / Stock value:
€150,000
Website:
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Related Documents:

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