Excellent business opportunity! Luxury footwear industry that manufactures for French luxury brands.
Production of footwear:
• Lady footwear;
• Casual footwear;
• Fashion footwear.
Main Clients: Internacional retail stores , mainly french market.
Founded in 1985.
More than 50 staff.
Location North of Portugal.
Main Assets:
• Production machinery (35 sewing , 2 nozzle fitters , 2 equalize, 1 footwear fitter , 3 vamp welding;
• Transportation vehicles;
• Photovoltaic panels.
Revenue:
2023 - €14.400.000 (forecast)
2022 - €11.127.000
2021 - €9.138,000
2020 - €9.860.000
2019 - €15.329.000
Ebitda:
2023 - €1.347.000 (forecast)
2022 - €944.000
2021 - €856.000
2020 - €891.000 (Due to Covid 19)
2019 - €2.180.000
Before COVID, the company had an EBITDA exceeding 2M. Some clients went bankrupt due to COVID. In 2020, the company experienced a revenue drop from 15M to 9.8M, and the EBITDA decreased to €891,000. It has been recovering and growing in recent years.
There is significant growth potential, aiming to return to pre-COVID results.
Asking price €6,000,000 (NPV) - ``Zero Cash``
