Company

Vegetable processing plant

ID 3219

Selling price

250 000

Industry

Food and beverage

Business type

Vegetable processing plant

Legal form

Limited Liability Company

Statutory capital

150 000 EUR

Parts being sold

Full business (100%)

Last year's turnover

1 020 000 EUR

Last year's profit

90 000 EUR

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Description

For sale is a vegetable processing company specializing in fresh, peeled, sliced and steamed vegetables. The company is equipped with production equipment, both automated peeling, steaming and other lines. The company also owns a production building (822.10 m2) and land (3867 m2), where it is possible to further expand the plant. The acquisition value of fixed assets is 1.2 M euros. The balance value of fixed assets is EUR 500,000. The company also has liabilities. The plant is located 30 minutes drive from Riga, a rural assisted area.

The company has a wide range of products (over 60 items), from unpeeled, peeled, steamed, cut potatoes, beets, carrots and other vegetables to soups, fresh and sliced vegetables and fruits. Products for immediate consumption and storage up to 2 years! The buyers are HoReCa companies, supermarket confectioneries, store chains and individual stores. The company has not tried to export, even though production is in demand. The company’s turnover in 2019 exceeded EUR 1 million. EBITDA (depreciation of PL) is 90,000 euros. The existing profits were invested in infrastructure development. The company also implements EuroFonds projects.

The company employs 25-30 people, both in the peeling, in the cutting and processing workshops. The team includes both a production manager, a technologist, an accountant, a data operator and a sales manager. Employees come to work with city public transport.

Food will always feed people around the world and make a profit for those who provide it! Well organized business that needs a new owner!

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