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2 Traditional Products - Deli Stores  /Athens - Central Sector  (Code: 05240418)

Small chain of 2 stores – delis in the Central Eastern and Central Southern suburbs of Athens. The stores have been in operation since 2014 and aspire to offer the best that the fertile Greek land has to offer. Products are carefully selected, and the company offers packaging – branding services to producers to old fashioned producers that are focused exclusively on production.

 

The business started off with the ambitious scheme to become a nation-wide chain (through franchising) that would be “producer friendly” for small, artisanal producers of excellent products that did not have access to the major retail chains. The first year of the business coincided with the worst economic crisis in Greek history and not surprisingly growth was limited. Nevertheless, the business has grown to the point where further growth requires added resources, primarily human.

 

With € 100 thousand in Sales and 2 stores that business is neither small enough to be run by a single person, nor big enough to allow its owners to focus on growing the chain with the addition of new stores.

 

Thus, current owners have decided to sell the business and they are looking for a buyer-investor who will take the business to the next level.

 

The legal entity is carrying substantial losses for taxes purpose and thus future profits will have a substantially lower tax burden.

TRANSACTION TYPE

Equity Sale

 

 

REASON FOR SALE

Additional Human Capital Required for Growth

 

 

 

 

Financial data:  
Sales:
100.000 €
Profit:
Not disclosed
Asking Price:
120.000 €
Down Payment :
120.000 €
 
For more information please contact us.

The financial figures presented in this section have been derived from the seller’s financial statements and/or form the seller’s tax returns and/or from seller’s representations. Recast profits (before interest, taxation depreciation and amortization) and sales have been normalized to reflect a typical fiscal year for the business.

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