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Charcoal Company for Sale in Pļaviņas, Latvia

Production of high quality barbecue charcoal for the European market.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.6 million
Run Rate Sales USD 1.6 million
EBITDA Margin 20 %
Industries Charcoal
Locations  Pļaviņas
Local Time 7:44 AM Europe / Riga
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 3.4 million (Native Currency: EUR 3,120,000)
Reason: Due to health complications owner is unable to run this business.
Includes physical assets worth USD 2.2 million
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Business Overview

- High-quality barbecue charcoal production and sales to France, Belgium, Sweden, Finland, Estonia, Latvia, and Lithuania.

- Two main lines of business: 1) production (70% of revenue); 2) charcoal packaging services in various types of packaging.

- Packing for different customers from large bags for wholesale buyers to small bags for retail.

- The raw material (wood) for the production of high-quality charcoal is purchased in Latvia from 10 different suppliers, including the State Forestry Company.

- Investment plans have been developed to increase production volumes and improve efficiency without a significant increase in fixed production costs.

Products & Services Overview

- Production of high-quality barbecue charcoal.

- Packing of high-quality charcoal (including as a separate service for customers) in various types and sizes of paper bags.

Assets Overview

- Tangible assets include about 4 hectares of land and industrial infrastructure, including equipment and machinery. The total area of buildings on both sites is 6400 m2.

- Intangible assets: a professional team with experience, a high level (up to 90%) of production automation, and the recycling of thermal energy released during the production process to reduce emissions.

Facilities Overview

- Production site: owned land with an area of 1.67 hectares and leased land with the right to purchase an area of 1.41 hectares. Two buildings with an area of 1300 m2 and 800 m2 and three drying chambers with an area of 145 m2. Sheds have 220 m2 area. New electrical networks with a total capacity of up to 100 kW were installed.

- Warehouses and packing workshop site: owned land area of 2 hectares. A complex of buildings consists of a packaging workshop with an area of 840 m2, warehouses of 2750 m2, and an office building with an area of 311 m2, there is sewerage, a shower, and changing room for workers, new electrical networks with a capacity of up to 50 kW were installed.

Capitalization Overview
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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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