Renak International GMBH
Dammstein- straße 15
D-08468 Reichenbach
Germany
The factory has ceased production for many years. So, the production line is not good any more, but they do have a few production equipments that have some value.
Most of their patents has expired. So, they don't have many patents.
They still have the brand name of Renak, but need to reinstate it.
The most valuable assets now are the real estate, that includes the land and the building.
The land is about 4100 square meters with a building of the gross floor area 6665 square meters. The building has the basement of 800 square meters, 1st floor of 1670 square meters, 2nd floor of 1670 square meters, 3rd floor of 1670 square meters, and the 4th floor of 855 square meters.
The building is in good condition with water and heating and all utility supplies. It is ready to be use for any production.
Building: 6665 sq meter (71741 sq foot)
rebuild value= 10.17 million German Mark
(= 5.20 million Euro or 6.52 million US dollor)
Land: 4147 sq meter (44638 sq foot or 1.0247 acres)
Market Price = 6 million German Mark
(= 3.068 million Euro or 3.85 million US dollor)