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Apparel and Accessories Company for Sale in Chennai, India

For sale: Chennai based manufacturer & exporter of woven garments for men, women & kids.

Established 20-30 year(s)
Employees 1000 - 5000
Legal Entity Private Limited Company
Reported Sales USD 13 million
Run Rate Sales USD 11 million
EBITDA Margin 12 %
Industries Apparel and Accessories
Locations  Chennai
Local Time 7:26 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 4 million (Native Currency: INR 350,000,000)
Reason: The promoters are aged and are unable to continue running the business. Also open to a majority stak... View More
Includes physical assets worth USD 6 million
Documents
Business Overview

- Manufacture woven garments for men, women, and children.

- Primarily export to Europe (32%), US (32%), Japan (20%) and Australia (15%)

- We also export a very negligible volume (~1%) to other countries including Indonesia and do not have any domestic sales.

- Manufacture around 100,000 pieces of clothing each month and several well known brands buy our products.

- Source around 85% of our raw material from China.

- Business has been awarded the best exporter award for 3 consecutive years by the Goverment of India.

- As of recent, our sales has dropped due to uncertainty over Brexit and a general economic slowdown.

- The business has around INR 80 cr. of debt and the sale price is for only the equity of the firm.

- Some of the non-core assets will also sold to repay some portion of the debt.

- Physical assets owned by the business include inventory and manufacturing equipment.

Products & Services Overview

Ready made woven garments for men, women & kids.

Facilities Overview

3 production facilities of 12,000 sq. ft. each and 1 production facility of 2 acres (87,120 sq. ft. ). All 4 facilities are owned personally by the promoters.

Capitalization Overview
Not Disclosed
Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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