Rare opportunity to acquire an established and fully operational food business in the heart of Athens’ historic commercial triangle, in the Psyrri area, one of the city’s most vibrant commercial and tourist districts.
The business has been operating continuously for over 75 years and specialises in the trade and processing of nuts, confectionery products and pastry-making ingredients, serving both retail and wholesale customers. It has an established customer base, long-standing supplier relationships and an active e-commerce operation.
The business generates high and stable annual turnover and offers a new owner the opportunity to take over an established operation rather than starting from scratch.
Key Features
Operating continuously for over 75 years
Established retail and wholesale customer base
High and stable annual turnover
Active e-commerce operation
Approximately 70 sq.m. retail premises + 100 sq.m. auxiliary/storage areas
Transferable food/health-related operating licence, confirmed as transferable to a new operator
Professional nut roasting oven
Nut grinding mills for production of nut butters and tahini
Refrigerated cold room
Complete retail and storage equipment
Existing stock included in the sale
Established relationships with suppliers and manufacturers
Potential continuation with existing supplier credit terms and preferential commercial conditions
Location
The business is located in Psyrri, Athens, within the city’s historic commercial centre, an area with strong retail, foodservice and tourism activity.
The existing operating licence is a particularly valuable asset, as obtaining a new licence for a comparable food-processing/retail activity in older premises in the area can be difficult.
Investment Opportunity
This is an opportunity to acquire a turnkey, long-established food business with an almost 80-year trading history, existing infrastructure, equipment, customer relationships and supplier network.
The business is suitable for an owner-operator, an investor already active in food distribution, or a company looking to establish a presence in the Athens market.
Asking price: €60,000 – negotiable.
Further financial information, turnover details and supporting documentation can be provided to serious prospective buyers upon request.
- Asking Price:
- On request Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- €325
- Cash Flow:
- Under €50K
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
€36,000 per annum
- Location:
-
Traditional Central Market
- Size in square feet:
- 1,800
Business Operation
- Management type:
- This business is employee owned (ESOP).
- Expansion Potential:
-
Strong expansion potential through e-commerce, wholesale distribution, hospitality and foodservice sales, and further development of the existing product range.
- Reasons for selling:
-
Family relocation to Preveza following my wife's professional appointment.
- Trading hours:
-
Mon-Sat
- Employees:
- 2
- Years established:
- 80
Other Information
- Furniture / Fixtures value:
- €30,000 - included in the asking price
- Inventory / Stock value:
- €10,000 - included in the asking price
- Relocatable:
- This business can be relocated
