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Knitwear Company for Sale in Padeniya, Sri Lanka

Garment factory in Sri Lanka built 7 years ago with working capacity of 600+ employees.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 100 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Knitwear
Locations  Padeniya
Local Time 10:10 AM Asia / Colombo
Listed By Management Member
Status Moderately Active
Overall Rating
Full Sale
Asking Price: USD 1.6 million (Native Currency: USD 1,600,000)
Reason: The owner is retiring.
Includes physical assets worth USD 1.6 million
Name, Phone, Email
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Business Name
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User Verification
Business Overview
- Non-operational business for 6 months.
- We were focused on Apparel manufacturing and fabric sourcing mostly with a focus on knitwear.
- We possess a VOI certificate, export license, and COI certificate.
- The factory has a working capacity of 600+ employees.
- The promoter has over 10 years of experience in this industry.
Products & Services Overview
We were focused on apparel manufacturing and fabric sourcing mostly with a focus on knitwear.
Assets Overview
Tangible assets include the land area of 55,000 sqft, 360Kv solar panels power system, 6 ancillary constructions etc.
Facilities Overview
The factory is on a 55,000 sqft area. It is promoter-owned land. The property is situated about 1.8km from Padeniya junction.
The factory building is designed by using metal structures with high security & strength of the building. The roof of the factory building is constructed by Zink aluminum sheet on metal/iron trusses with the installation of a heat-controlling system by using water. The water is pumped & placed regularly to the top of the roof to reduce heavy heat conditions to create the best working environment for inside workers in the factory building. The walls of the building are designed with half brick walls (about 11ft high) with an iron column combination from the foundation up to the roof. The full height of the building is 26’6” ft & 14 nos of exhaust fans (with automatic shutter & variable speed) are fixed in the middle of the wall for cooling the internal air of the building.
The floor of the building is constructed above a 4’ft height level with the earth's surface & fully tilled. The low risky under-floor electricity wiring network is installed through the floor. Each & every accessory (plugs points, cables, etc. ) is placed with a combination of internal arrangement of plant & machinery of their own. The 10” inch-diameter tube well is placed behind the factory building to fulfill every water requirement & three-phase electricity is available to the factory building.
Capitalization Overview
- Company has 1 owner.
- Business has a loan of USD 1 million which will be cleared at the time of transaction.
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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