Knitted Hand Gloves Business For Sale In Bangalore
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About Business
The company specializes in the manufacturing of knitted hand gloves, with an annual turnover of over a crore. It has established strong partnerships with reputable industries, demonstrating significant potential for growth and expansion. The business is well-positioned to capitalize on the increasing demand for high-quality hand protection products across various sectors.
Clientele type
The company serves a diverse clientele, including Sandfits Foundries, ASK Automobiles, LM Winpower, and many others based in and around Bangalore. These trusted partnerships highlight the company's strong presence and reputation within the industry.
Premises
LEASED
Lease per month (in INR): 29.00 K
Security Deposit (in INR): 3.00 L
Carpet Area: 1,500 sq ft
Asking Price Includes
The company has automated machinery worth INR 40 lakhs, packaging machines valued at INR 10 lakhs, and compressors, all of which will be transferred to the investor. There is an existing loan of INR 25 lakhs, which has the potential for extension. The investor will have the option to either continue with the loan or allow the founders to close it, based on mutually agreed terms and conditions.
Reason
The founders are transitioning to other business venture and, therefore, wish to exit the current business.
More Details
The product is specifically tailored for the industry, resulting in strong and consistent demand. This ongoing relevance within its sector ensures continued growth and market potential.
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₹10 to ₹200 Cr
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