Listing Details : LB-16379

Asking Price 3.2 Crs
Turnover N.A
Legal Entity Proprietorship
Category Manufacturing
Sub Category Metals
Business Listed By Business Owner

Overview

We are offering a newly established Hb wire and wire products manufacturing unit for sale, located in Belgaum. Founded in 2024, the business operates within the steel industry under the MSME model. The facility spans 0.5 acres with a 9,000 sq. ft. shed, labor rooms, a borewell, and is equipped with an EOT crane and essential machinery. The unit has a production capacity of 200 tons of Hb wire per month, with additional wire products including weld mesh as well, produced alongside. Currently, we have six active clients and require a team of 10 employees for full operational efficiency. The asking which includes land, infrastructure, and machinery. Due to a lack of funding, we are seeking a buyer to take over this promising venture. This is a great opportunity for investors looking to enter or expand within the steel manufacturing sector. This is a new Facility initiated its operations in November 2024 and till feb we have generated 45 lakhs of revenue. We have secured upfront orders totaling 160 tons, but we're currently unable to fulfill them due to insufficient working capital

Year of Establishment

2024

No. of Employees

N.A

Current Status of Business

Running

Business Relocatable

No

Property Type

Owned

Property Value

N.A

Property Classification

Industrial

Describe Property

N.A

Competition / Market

Yes, there is competition

Products & Services

HB wires, Weld Mesh and other wire products

Growth Potential

High growth

Reason For Sale

Lack of funds

Financial Details

Contact Business