Industry: Manufacturing Region: Lesso Transaction price: $1 million Transaction method: equity financing
Introduction to the
The plant is now for sale by:
1. 100% sale of plant machinery and land lease
2. 100% sale of plant machinery, land lease and customers
3. The joint venture
Details
Project introduction
The factory in Maseru, lesotho's capital, was founded in 1995. The factory employs 800 people and exports about 2 million pieces of clothing annually, with annual sales of about $8-10 million, mainly to the United States.
The factory site is about 30 minutes' drive from the airport, with a plant area of 9,800 square meters and a land area of 7,700 square meters. The contract expires in August 2043 (the rent of the land and plant is about $1.50-2 / square meter), and the monthly local tax is $210. The factory has no water and electricity problems.
The factory has stable customers and orders, good product quality, stable delivery. The plant is close to three South African export ports, saving on transportation costs.
The local background
Lesotho is an AGOA compliant country, which allows duty-free textile exports to the United States. Local workers are excellent African workers with good skills, and there is no shortage of jobs.