The company is an opportunity to enter the retail market of Thessaloniki. Τhere is a great growth prospect in small retail. Ψonsumers are looking for more and more products in mini markets. According to research by IRI, 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.
The Mini Market chain has four stores and is one of the oldest chains in the city with stores in Kalamaria, Pylaia and Efkarpia. The chain has a range of items for daily use, such as coffee, snacks, sweets, soft drinks, ice cream, toiletries, alcoholic beverages, tobacco, etc. At the same time, it has coffee machines, table seats, and also functions as a cafe. The pandemic had a particularly positive effect on sales, due to the increase in food and beverage sales.
The stores are in good condition, and with a small investment per store of around 10,000 euros, they can be made equal to the new corresponding chains.
The current owner has decided to change business and wants to divest from the mini market chain.
Annual turnover is 1,6MEUR. The four cafe-mini markets, registered business name and stock is being sold at 380,000 EUR.
This a low-risk medium-returns investment.
- Asking Price:
- €380,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- €1,600,000
- Cash Flow:
- €100K - €250K
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
€46,000 per annum
- Location:
-
The stores are located in high-income neighborhoods in the city of Thessaloniki, Greece
Business Operation
- Expansion Potential:
-
Expansion is through the rent of new locations for shops. There are good spots available in Thessaloniki, some of them having quite reasonable prices.
- Competition / Market:
-
The competition is from other super and mini market chains, but is minimal due to the location and there's an opportunity to extend working hours past the national super market chains operating hours.
- Reasons for selling:
-
The current owner has decided to invest in another business venture and is looking to divest from the mini market chain.
- Trading hours:
-
8:00am to 21:00pm
- Employees:
- 20
- Years established:
- 15
Other Information
- Support & training:
-
The owner will provide 6 months training and support, included in the sale price.
- Financing available:
-
Our company, ErgoQ, can support you in securing available financing in Greece
- Furniture / Fixtures value:
- €40,000 - included in the asking price
- Inventory / Stock value:
- €80,000 - included in the asking price
