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Small Super Market Chain In Thessaloniki For Sale

Thessaloniki, Thessaloniki, Greece
Asking Price:
€2,250,000 Inventory / Stock included
Sales Revenue:
€6,600,000
Cash Flow:
€60,000

The business for sale is an investment opportunity in buying an established small retail chain, either as a stand-alone investment or synergistically with wholesale and digital marketing complementary business, which are also available (our company, ErgoQ, can support you in this).
The company is small super-market chain of 5 stores, operating in the city of Thessaloniki. This is an opportunity to enter the market and, if combined with the acquisition of a wholesaler, lead to a very respectable profit margin.
There are 3 owners, all having equal shares. The last years was a drop in turnover, due to no new investments in new stores and staff. The company has 2 trucks and a car. All the rest (warehouse, offices, etc.) are leaqsed.
In the supermarket sector in Greece (and in the surrounding countries, things are the same) the profit margin is about 2% of turnover. This also applies to this company. Profits are not shown because the company spends them on merchandise at years' end. Currently, there are goods worth 1MEUR in sales, of which 0.5m is the cost, to be paid to the suppliers. The remaining 0.5 million euros in stock, if sold through the chain will leave after VAT about 0.35MEUR profit.

Property Information

Real Estate:

Lease

Location:

At the west neighborhoods of Thessaloniki

Premises Details:

In various high pedestrian traffic locations

Business Operation

Expansion Potential:

Through new stores, in other areas of the city.

Competition / Market:

There is a large number of small chain stores in the city, but little competition.

Reasons for selling:

The owners do not get along with each other

Trading hours:

Mon-Sat, 09 amm to 09 pm

Employees:
50
Years established:
4

Other Information

Support & training:

The current CEO is willing to support the transition for 3 months

Financing available:

our company, ErgoQ, can support you in securing bank financing as well as up to 50% subsidy on further expansion plans.

Inventory / Stock value:
€500,000 - included in the asking price

Contact ErgoQ

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