Women's Ethnic Garment Manufacturing Business for Sale in Vadodara
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Women's Ethnic Garment Manufacturing Business for Sale in Vadodara:
This business was established in 2013 in a partnership with a friend of the owner. Later, in 2014, the partner decided to start something of his own and stepped out of the partnership. Since then, the business is a sole proprietorship.
Having been established in 2013, they have a very closed set of trusted vendors as well as distributors, retailers, and business brokers. The location of the manufacturing facility is a very strategic location within the heart of the city of Vadodara, which enables them to efficiently outsource some operations (dyeing etc.) nearby within a very small time frame.
They started with manufacturing of ethnic women's wear (Chaniya Choli), then they added Indo Western Wear for Women and recently they have started with children's Wear too. Currently, they have a sales network in all of Gujarat and, parts of Rajasthan and Maharashtra too. Manufacturing the garment includes designing and all the aspects of tailoring (stitching, handwork, and embroidery etc.) the raw material to turn it into a ready-made garment. They have highly skilled and loyal masters, tailors, and workers.
The Promoter is retired from Railways in the year 2010 after completing a successful tenure of 30 years. Being a dedicated and hardworking professional all along the 30 years, it was difficult for him to accept his retirement and hence, he started his own venture entering in women's ethnic garment manufacturing inside a 3-floor property that he owns.
Having a good profit margin in this line of business, the owner planned to open showrooms under their own 'Brand Name'. But, unfortunately, due to a sudden decline in health and nobody to take care of the business as his successor, the owner have decided to sell the business completely including the facility real estate.
The last year's turnover was around INR 45Lakhs (with about 40% EBITDA). The asking price for the business and the real estate (approx. 1000sq. ft. per floor) is INR 1.5 Crores.
Reason
Poor health of the owner
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₹10 to ₹200 Cr
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