The business for sale is an investment opportunity to gain access to the majority of Greek specialty food suppliers, ideal for supplying a wholesale or retail business with Greek specialty foods, as well as for buying market entry in the Greek food or housewares market.
The business was founded over 20 years ago and supplies its customers with food (57% of turnover) and household items (43%). The company's sales are based on solid financial agreements with suppliers (the financial strength of the company is a decisive factor), as well as personal relationships with customers meticulously constructed over the past decades. The business also has its own dog food brand, with very satisfactory sales. The business has more than 1.000 clients. There are over 600 suppliers, including the best producers of traditional Greek products such as olive oil, olives, salted and smoked fish, and pickles. In the warehouse the daily average stock is 100,000 euros. The staff is years in the company and knows the customers. There are no problems with deliveries, no loss of goods, and no significant delays of customer payments. Turnover 1MEUR+, EBITDA 5%.
Besides wholesaling in the Greek market, this is an opportunity to acquire a tested and reliable supplier network from Greece.
- Asking Price:
- €540,000 Inventory / Stock included
- Sales Revenue:
- €1M - €5M
- Cash Flow:
- €50K - €100K
Property Information
- Real Estate:
-
Lease
- Living Accommodation:
-
The top floor of the warehouse is a 200sqm apartment, currently inhabited by the owner
- Location:
-
Near major road in an industrial area near Thessaloniki city
- Premises Details:
-
Warehouse building 1.100sqm, extremely robust construction. Costs 1.500.000 EUR, sold separately if interested. Not necessary for buying the business.
- Size in square feet:
- 11,840
Business Operation
- Expansion Potential:
-
Could expand geographically as well as internationally (export of Greek products).
- Competition / Market:
-
There is a small number of similar business in the region, all catering to small retail shops, mini markets and local super markets of which this business is the best. There are a few very large ones catering to larger, national supermarket chain stores which are not direct competitors.
- Reasons for selling:
-
The owner is nearing pension age.
- Trading hours:
-
Mon-Fri business working hours
- Employees:
- 3
- Years established:
- 20
Other Information
- Support & training:
-
6 months on-site training by the previous owner plus introductions to suppliers and clients
- Financing available:
-
Our company (ErgoQ) can arrange bank financing for the buyout as well as up to 50% subsidy on expansion plans
- Inventory / Stock value:
- €100,000 - included in the asking price
- Relocatable:
- This business can be relocated.
