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Listing ID: 2740901

Solid Wood Furniture Manufacturing Factory with Infrastructure, Equipment & German Weinig Machinery For Sale

Jonava, Lithuania

€ 1,350,000

(Furniture / Fixtures and Inventory / Stock included)
(Real Estate Included)

Revenue: € 1m to 5m

Cash Flow: not disclosed

Business Description

Furniture production factory for sale.

- 8 buildings with a total area of ​​6357.52 m2
- Factory designed for mass production for IKEA.
- EU investment fund available for business expansion.
- 5S, Kaizen, Just in Time, SMED - continuous manufacturing process improvement.
- IWAY Standard and FSC source of raw wood material.
- Electricity 700KW, central heating, security systems, fire extinguishing system, sawdust and dust removal system, wood drying chambers.
- Administration office building.

The production base is located in the western part of Lithuania next to other various business enterprises. Very good connection to the main cities and all territory surrounded by a fence, convenient parking and cargo loading area.

Real estate located on the plot of land cadastral Nr. 4640/0005: 86, of which 3,0322 ha were leased, long term from the Lithuanian state. Company owns a total of 8 buildings with a total area of ​​6357.52 Square meter.

- 629.26 square m: Lacquer workshop
- 2139.85 square meter: Wood preparation workshop
- 218.33 square meter.: Domestic industrial premises
- 682.72 square meter: Household production facilities
- 1684.24 square meter: Woodworking workshop premises
- 714.84 square meter: Assembly workshop

The physical condition of all buildings in good condition, there is electricity (700KW), central heating, fire and security alarm systems, fire extinguishing system, sawdust and dust removal system, humidity/moisture content control, wood drying chambers.

Kindly contact us for more details.

Property Details

Size:

Total of 8 buildings with a total area of ​​6357.52 sq. m

Years Established:

2012

Property Type:

Real

FF&E:

€ 50,000

Inventory Value:

€ 550,000

Real Estate Value:

€ 900,000

Other Details

Premise Details:

All plans of building attached to the documents section. - 629.26 square m: Lacquer workshop - 2139.85 square meter: Wood preparation workshop - 218.33 square meter.: Domestic industrial premises - 682.72 square meter: Household production facilities - 1684.24 square meter: Woodworking workshop premises - 714.84 square meter: Assembly workshop

Competition:

The Lithuanian furniture, wood processing has long-standing traditions in producing high quality products. The industry is well-developed - modern production facilities are utilized and the workforce is highly skilled. Lithuanian companies produce a wide range of furniture and majority of production (85,2 %) is exported. Lithuania is the fifth biggest IKEA supplier in the world. Furniture industry accounts for about 2.5 percent of GDP employing about 27 000 workers or 2.9 percent of total employment. Major export destinations for Lithuanian furniture industry in 2015 were Sweden (25.6 percent of total Lithuanian furniture exports), United Kingdom (12.2 percent), Sweden (11.2) and Denmark (10.2 percent). These four countries accounted for almost 60 percent of Lithuanian apparel industry exports.

Expansion Potential:

Expansion available building on existing land, renting or buying existing neighboring buildings.

Living Accommodation?

Yes

Operation Details

Employees:

130

Trading Hours:

Business guest accommodation available in main office building.

Support & Training:

Ex owners of the business could provide the support (informational, technical, etc.) for the agreed term in order to successfully transfer the business for the new owners. All contact information to the suppliers of raw material and customers for production will be provided to the business buyer.

Relocatable:

Business Relocatable

Miscellaneous

Financing Available:

Yes
It is possible to use EU funds to finance new production facility buildings, purchase new machinery, also for investments in to the infrastructure. The subsidies can be up to 70% of project value.

Reason For Selling:

Shortage of business cash flow, business has to be declared bankrupt.

Contact this seller

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