Company

Innovative food production

ID 2777

Selling price

400 000

( Price changed )

Industry

Food and beverage

Business type

Innovative food production

Legal form

Limited Liability Company

Parts being sold

Full business (100%)

Last year's turnover

700 000 EUR

Last year's profit

90 000 EUR

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Description

For sale innovative food manufacturing company. Exportable manufacturing with thoughtful niche product lines, excellent packaging and highly recognizable brand. Products are found in supermarket chains both in Latvia and abroad.

Production is located in Riga and employs 10-15 people. The production process is innovative, which gives the production a completely different quality and is significantly different from other competitors. Hence, products have more added value and interest from foreign store networks. The number of trading partners is growing over the months, which makes think faster about increasing production capacity. The existing production base has the opportunity to introduce new product lines and expand the assortment.

The company both buys ready-made foods and packages them under its own brand. However, the Company produces the vast majority of its products in-house, using products and technologies that allow it to differ in both domestic and foreign markets. It is uniqueness, growing market demand and quality product that attracts foreign trade companies.

The company increased its turnover by 40% in 2019 and doubled its profit margins. Profits are expected to reach 80-90,000 euros this year.

Business is with tremendous growth potential in the near future!

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