An integrated sweets factory in the Eastern Province

Duration of operation: The factory has been operating for two years.

Licenses and benefits: License from the Ministry of Industry. Residence permit: 100 riyals. 70% discount on electricity. Support for raw materials (200 tons per month). Exemption from import customs duties. -Visas are allowed for up to 200 employees.

Rent: Factory rent in Al Khobar including tax 162,000 SAR per year including tax for the next five years. Licenses : All licenses are valid and new, including residencies and health cards.

Number of employees: 15 highly experienced and competent employees.

Sales system: factory based wholesale, There are regular customers.

Expansion: There is excellent space for making bakery equipment.

Workers’ accommodation: annual rent 18,000 riyals including tax.

Medical Insurance: New medical insurance for employees.

Taxes: Taxes for zakat and income were raised, most recently in the first quarter of the current year.

Income: Average income is 35,000 riyals per month (the break-even point has not been equated due to the lack of full-time management and marketing of the factory).

Brands: 2 brands (10 years intellectual protection).

Packaging: Luxurious packing boxes and cartons worth 350,000 riyals in the warehouse.

Cost: The factory’s cost of equipment and supplies amounted to 3,500,000 riyals (three million five hundred thousand riyals), It is offered for auction through the virtual community platform (auction starts at 500 thousand riyals only)

Debts: No debts, Rents are paid until 10-1-2024.

Reason for selling: The factory is a golden opportunity and the main reason for selling is lack of full time.