Opportunity to enter the booming small retail sector in Greece with a vertically integrated business of supply (wholesaler) and retail outlets(mini market chain), ready to deliver imported products to the end customer.
Expanding into leisurewear and sports fashion retail is an add-on option, along with exporting of world renowned Greek Extra Virgin Olive Oil and infused Olive Oil.
The small retail sector in Greece has more than 25,000 stores and the turnover is estimated at 1 billion euros. The great growth prospect in small retail is that consumers are looking for more and more products in mini markets. The product categories where small retail scores high performances are energy drinks with supermarkets having a share of only 19.7%, ready-to-drink coffee (small retail share 65.3%), ice creams, chewing gum and of course tobacco products. Consumers are beginning to look for and eventually purchase other products from small retailers, such as detergents, stationery, sanitizing products, frozen foods, and even baby food.
The business for sale consists of a wholesale company with food (57% of turnover) and household items (43%) along with a chain of 6 mini market stores with a turnover of over 3 MEUR and 15% profit margin
- Asking Price:
- €1,300,000 Inventory / Stock included
- Sales Revenue:
- €3,000,000
- Cash Flow:
- €450,000
Property Information
- Real Estate:
-
Lease
- Location:
-
The mini markets are located in high-income neighborhoods of Thessaloniki and the wholesaler/distributor just outside the city of Thessaloniki
Business Operation
- Expansion Potential:
-
There is a huge expansion potential, the small retail sector is booming.
- Competition / Market:
-
There is minimal competition to the mini markets, due to their location.
- Reasons for selling:
-
The owner is approaching retirement age
- Trading hours:
-
07:00 am to 11:00 pm for the mini markets, 08:00 am to 16:00 pm for the wholesaler/distributor
- Employees:
- 15
- Years established:
- 20
Other Information
- Support & training:
-
6 months of training and support, for retailing, wholesaling and distributing.
- Inventory / Stock value:
- €150,000 - included in the asking price
