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Industrial Clothing Company Investment Opportunity in Tbilisi, Georgia

Invest in a growing industrial glove manufacturer with 6-year history producing 3 million gloves annually.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 200 thousand
Run Rate Sales USD 280 thousand
EBITDA Margin 20 %
Industries Industrial Clothing
Locations  Tbilisi
Local Time 9:58 PM Asia / Tbilisi
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Partial Stake Sale
USD 200 thousand for 25.0% stake (Native Currency: GEL 550,000)
Reason: To increase profits by cutting down expenses. With this investment, the investor will become a co-o... View More
Includes physical assets worth USD 800 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- Company involved in the production of latex-coated work gloves and 7 other types of gloves.

- We are a growing business with an existing 6-year history.

- Our company is one of the only national enterprises in Georgia whose core activity is the production of latex-coated construction gloves.

- The existing production capacity of the enterprise is 11.5 million pairs a year. Currently, we knit 3 million pairs of gloves using our factory-installed equipment.

- The segment’s total market demand is about 50 million pairs per year.

- The company's management has decided to spray 25% of the company's share to attract investment, with attractive and profit-oriented terms and conditions.

- This investment will lead to a 25% reduction in the expenses and the gross profit margin will increase to 60%.

- Our business does not require a license or any other restrictions apart from basic business registration.

Products & Services Overview

Our main and top-selling product is the latex-coated work gloves. We also manufacture agricultural work gloves and glass work gloves. At this stage, the company is producing six types of gloves.

- The glove we manufacture is a high-quality material made according to Eurostandard, competing with all construction and other purpose gloves on the market and imported, which is very cheap because the quality is extremely high.

- Our customer is the largest company in the construction sector of Georgia.

Assets Overview

The tangible assets include our manufacturing equipment, factory infrastructure.

We have twenty-three 15G grade glove knitting machines, fifty-seven 13G grade glove.

Knitting machines, and two latex glove coating machines. We have a line whose production is 11.5 million pairs per year, two brands of machines and other machines, the total cost of which is more than GEL 2.2 million.

Facilities Overview

We have a rented manufacturing facility in Tbilisi with a built-up area of 800 sq. metres.

Capitalization Overview

- The business has two co-founders.

- The company has been existing on the Georgian market for 6 years, created within the framework of a program financed by private investment and participation of the state.

- As a result of the correct and hard work of the company's management, the share of the state property has been redeemed at this stage.

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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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