The company is one of the new convenience store chains in Greece. The stores are located in high income neighborhoods, clients being local residents who are not willing to visit large super market stores due to distance or time constraints (eg past the operation hours of large stores). The chain stocks a range of everyday items such as coffee, snack foods, confectionery, soft drinks, ice creams, toiletries, alcoholic drinks, tobacco, tickets etc.
This company represents an opportunity to enter the retail market of Greece, starting from its second largest city, Thessaloniki, located in the Greek region of Central Macedonia.
Annual turnover is 1,25MEUR, with an operational profit of 75.000 EUR, nearly all of it being income for the owner. The company, registered business name and stock is being sold at 275,000 EUR.
This a low-risk medium-returns investment.
- Asking Price:
- €275,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- €1,250,000
- Cash Flow:
- €100K - €250K
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
€30,280 per annum
- Location:
-
The stores are located in high-income neighborhoods in the city of Thessaloniki, Greece
- Size in square feet:
- 2,300
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 if from national super market chains, but is minimal due to the location and working hours (past the national super market chains operation hours)
- Reasons for selling:
-
The current owner has decided to move to tourism related business in the Greek islands and is looking to divest from the mini market chain.
- Trading hours:
-
8:00am to 12:00pm
- Employees:
- 8
- Years established:
- 6
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:
- €60,000 - included in the asking price
- Inventory / Stock value:
- €80,000 - included in the asking price
