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Building Materials Business In Industrial Park With 6 Factories For Sale

Ellasona, Larissa
Asking Price:
€20,000,000
Sales Revenue:
Over €5M
Cash Flow:
Over €2.5M

The business was operating for years in the building materials sector and includes 6 running factories and has a total value of about 170,000,000 Euro. It has been inactive during the last two years.

The production process of the factories every year was about 20-30 million Euro up to when the company was active and if all went well in the last year the company's value would exceed the threshold of 300.000.000 Euro. The crisis that began in Greece after 2008 almost completely stopped the construction activities in the country and forced the owner to sell the factories to cover his obligations at a fraction of the actual value.

The factories can be relocated to another country (with additional cost) and be operated there almost instantly.

Details available to interested parties.

Property information

Real Estate:

Real Property Included

Location:

Greece, Ellasona - Larissa

Premises Details:

The industrial park is in an area of 100 acres, where are all 6 factories reside.

Size in square feet:
100 acres

Business Operation

Expansion Potential:

The factories are fully operational and maintained to perfection, and work with the latest technology in their field (SIMATIC 5 and 7 of SIEMENS).

Up to when the company was active two years ago, sales were conducted throughout the Greek territory and exports have been ongoing in the following countries: TURKEY - BULGARIA - SERBIA - CROATIA - BOSNIA - ALBANIA - LIBYA - LEBANON - ISRAEL TUNISIA - EGYPT

Reasons for selling:

The crisis that began in Greece after 2008 almost completely stopped the construction activities in the country and forced my client to sell the factories to cover his obligations at a fraction of the actual value.

Years established:
1950

Other Information

Business closed / Asset sale:
Yes
Relocatable:
This business can be relocated.

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