The business is one of the largest 3rd Party Logistics (3PL) businesses in Northern Greece, and an opportunity to secure export rights for well-known specialty Greek food products such as feta cheese, olive oil, yogurt, honey etc, besides one of the best opportunities to enter the distribution market of Greece.
The clients range from multinational corporations to local business, all in the food and housewares market. The business is a dependable partner for outsourcing distribution, logistics, merchandising, promotion and sales, enabling manufacturers and importers to reach out to their customers from a variety of retail installations, ranging from small, independent retailers to large super market chains. The pandemic had small but positive influence on sales, due to the rise of food and housewares sales during lockdowns. Clients are some of the largest companies in Greece and no other competitor is large enough for them to handle. This a low-risk medium-returns investment.
The business objective of the company is to double its net sales in 5 years time. The strategic goal is to be the bigger 3PL and sales partner in Greece, the only obstacle being the cost of funding.
Revenue is mainly from large population centers, due to it being directly related to consumption of goods and services. Currently, the company serves 20% of the Greek market. Growth is through geographical expansion. Targets are the Western Macedonia region and the Attica region -which holds Athens, the capital and represents 50% of the market-, abroad(exports to EU), as well as new opportunities in artificial intelligence and logistics. COVID-19 had a small positive influence on sales.
Currently, net sales are at 18MEUR, grows over 5% annually with EBIT nearly 800.000 EUR. In 5 years, the company wants to have its turnover doubled.
The business relies on its well established distribution and merchandising operations to obtain exclusive distribution rights from large customers. 70% of net sales are through the largest super market chains in Greece. Typical deals charge 20% of sales volume.
The company is looking for a majority partner to invest in the expansion of the business.
- Asking Price:
- €6,000,000
- Sales Revenue:
- €18,500,000
- Cash Flow:
- €800,000
Property Information
- Real Estate:
-
Real Property Included
- Location:
-
The headquarters and central warehouse are located on the suburbs of Thessaloniki, with local offices and warehouse in the Eastern Macedonia region, at the city of Kavala.
- Premises Details:
-
All installations are owned by the company.
- Size in square feet:
- 100,000
Business Operation
- Expansion Potential:
-
Growth is through geographical expansion. Targets are the Western Macedonia region and the Attica region -which holds Athens, the capital and represents 50% of the market-, abroad(exports to EU), as well as new opportunities in artificial intelligence and logistics.
- Competition / Market:
-
The company is the largest 3rd Party Logistics (3PL) and merchandising company in the Central and Eastern Macedonia regions of Greece, with only two close competitors.
- Reasons for selling:
-
The owner is mainly looking for a partner to invest in the expansion of the business.
- Trading hours:
-
Mon-Fri business working hours
- Employees:
- 150
- Years established:
- 34
Other Information
- Support & training:
-
The owner is willing to remain as CEO with a minority share.
- Financing available:
-
Our company, ErgoQ, can support bank financing as well as secure up to 50% subsidy for any expansion plans
