Bag Retailer Investment Opportunity in Mannheim, Germany
Established | 1-5 year(s) |
Employees | 2 - 5 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 77 thousand |
Run Rate Sales | USD 72 thousand |
EBITDA Margin | 40 % |
Industries | Bag Retailers |
Locations | Mannheim |
Local Time | 4:54 AM Europe / Berlin |
Listed By | Business Owner / Director |
Status | Active |
We also took part in the Pioniergeist 2022 start-up and ideas competition in 2022 and won a prize.
In 2023, we won the Ergonomics Innovation Award from the Institute for Health and Ergonomics and are the current award winner.
Our business model focuses on B2B and B2C, with 80% of our main business being B2B.
However, in order to be able to concentrate on the day-to-day business, we need an investment of €500,000, which will help to attract the best people in the industry for designing and sales.
The first employee is the Key Account Manager of the market leader, who sees a lot of potential in the brand and would like to start working for the company from February of next year. He has already received a verbal commitment. He has a turnover of €8-12 million in his current company.
In August, we were also able to secure a collaboration with the former head designer of the two market leaders, who set up his own business last year and now works as a freelancer. He also sees great potential in us, so he has returned the cooperation and made his network and skills available to us.
In 2 years, we have raised the image of the company to a professional level, so that even our competitors have great respect for us. All doors are now open for us to become one of the top 3 brands. The only thing we lack is the investment to achieve joint success.
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Earlier than 15 daysOwner, Medical Consultancy And Surgical Supply, Livestock, Medicine, Hospital, Frankfurt, Individual Investor / Buyer connected with the Business