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Luxury Furnishing Retailer for Sale in Athens, Greece

For sale: Established franchise showrooms in operation (kitchen-wardrobes-bathroom & tiles) with 33-years Greek market presence.
This Business is on a Premium Plan
Established 30-40 year(s)
Employees 10 - 50
Legal Entity General Partnership
Reported Sales USD 4.7 million
Run Rate Sales USD 5.5 million
EBITDA Margin 40 %
Industries Home Furnishings + 1 more
Locations  Athens
Local Time 5:57 PM Europe / Athens
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.32 million (Native Currency: EUR 1,150,000)
Reason: The primary reason behind the decision to sell the two franchise shops in Athens, is the business ow... View More
Includes physical assets worth USD 580 thousand
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Business Overview
This is a business opportunity to acquire a well-established franchise business with a 33 year standout presence in the market, offering high-end kitchen cabinets, bespoke wardrobe solutions, bathroom furniture, electrical appliances, tiles, and sanitary ware. Our showrooms can be sold either as a franchise package including the sale of the two operational showrooms or individually with exclusivity of the corresponding suburbs i. e. north suburbs and south suburbs.
- # 1: Franchise Shop 1 in Halandri 900sqm (€ 1.150,000)
- # 2: Franchise Shop 2 in Alimos 700sqm (€ 950,000)
(franchise shops can be sold separately)
Opportunity for standalone ownership of a successful franchise shop in a prime location in Athens.
Immediate revenue generation and operational continuity.
Strategic positioning for market diversification and local business ownership.
Established customer base and brand presence in the market.
Long-standing collaborations with professionals such as architects, designers, and construction companies.
Potential for growth and expansion through focused marketing strategies and operational enhancements.
Products & Services Overview
Exclusive importers of German and Italian bespoke kitchen cabinets, electrical appliances, bedroom dressing, wardrobes, bathroom furniture, showers, bathtubs, tiles, hygiene products, furniture for living, etc.
Assets Overview
Tangible Assets:
- Showroom Displays: High-quality kitchen cabinets, bespoke wardrobe solutions, bathroom furniture, electrical appliances, tiles, and sanitary ware displayed.
- Fixtures and fittings.
-Furniture and equipment.
Intangible Assets:
- Experienced Team: A skilled and dedicated workforce consisting of sales staff, designers, installation experts, and administrative personnel, instrumental for the business's day-to-day operations and customer service.
- Client Data: Database of existing customers, including contact information, purchase history, preferences, and feedback, offering valuable insights for targeted marketing and customer retention strategies.
- Brand Reputation: Established brand name, positive reputation in the industry, and customer trust built over years of quality products, superior service, and reliable delivery.
- Operational Manuals and Processes: Standardized operating procedures, quality assurance guidelines, and best practices documented to ensure consistency and efficiency in business operations.
In addition to the previously mentioned tangible and intangible assets, the custom-made ERP (Enterprise Resource Planning) system utilized by the business is a substantial and vital asset that significantly contributes to the operational efficiency and management of the business. This ERP system encompasses various modules designed to streamline and integrate key business functions.
Facilities Overview
The first franchise shop is located in Halandri. It spans 900 square meters and is housed in a 6-story building. The rental contract for # 1 shop is €13,000 per month, with a 6-year lease agreement.
The # 2 franchisee shop is situated in the southern riviera of Athens (Alimos). It covers 700 square meters within a 2-story building. The rental contract is €9,000 per month, with a 12-year lease agreement.
Capitalization Overview
The business is privately funded and currently operated by two shareholders with ownership distribution of 95% and 5%. It is noteworthy that the business is debt-free, with no loans or outstanding financial obligations.
Recent Activity
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17 Buyers already contacted this Business. Register below to connect now!
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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