All of this requires more time and incurs a greater cost. Next consider the capital equipment used in the textile plant. The loom that is used to weave cloth is unlikely to be very useful or productive in any other industry. Remaining textile firms might purchase them but only if the prices are very low. Ultimately these machines are likely to fall into disuse and be discarded.
Looms exhibit very low mobility to other industries.
However, consider a light truck owned and operated by the firm. This truck could easily be sold and used by another firm in a completely different industry. The truck is relatively costlessly transferable across industries. Finally consider the land on which the textile plant has operated. Depending on the location of the firm and the degree of new business creations or expansions in the area, the land may or may not be transferred easily.