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Tile Store for Sale in Agios Dimitrios, Greece

For sale: Established retail tile store with 3 locations and strong revenue streams.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 3 - 4 million
Run Rate Sales USD 3.34 million
EBITDA Margin 10 - 20 %
Industries Tile Stores
Locations  Agios Dimitrios
Local Time 8:12 PM Europe / Athens
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 2.96 million (Native Currency: EUR 2,550,000)
Reason: The promoter is an architect currently engaged in a major project and therefore unable to devote tim... View More
Includes physical assets worth USD 1.04 million
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Business Name
Not disclosed
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Business Overview
- Established building materials and home improvement business specializing in tiles, sanitary ware, bathroom products, cooling and heating systems, renovations, and retail store fit-outs.
- The business operates through 3 commercial locations: 2 franchise stores in Agios Dimitrios, Attica and Zakynthos, and 1 own-brand store in Glyfada, Attica.
- The franchise stores operate without royalty payments and benefit from higher markup pricing. Approximately 90% of total revenue is generated through the franchise locations.
- The business generates approximately EUR 2.85 million in annual turnover, comprising EUR 1.37 million from Agios Dimitrios, EUR 1.20 million from Zakynthos, and EUR 280,000 from Glyfada.
- Annual net profit is approximately EUR 350,000–370,000, supported by an established customer base, experienced personnel, and recognized brand/franchise relationships.
- The business has significant merchandise inventory, professional equipment, commercial vehicles, an established online presence, and a recognizable brand name.
- The company has no bank loans or outstanding obligations.
- Hires contract employees as and when required.
- The business holds VAT certification and is being offered for sale as an established, revenue-generating operation in the Greek market.
Products & Services Overview
Tiles, sanitary ware, bathroom products, cooling and heating systems, building materials, renovations, and retail fit-outs, serving retail customers, renovation clients, contractors, and other property-related buyers.
Assets Overview
Tangible assets:
- All store equipment, including two trucks and one electric pallet truck, valued at approximately EUR 650,000.
- New stock and display merchandise valued at EUR 250,000.

Intangible assets:
- Existing website.
- Social media accounts.
- Established brand and online presence.
- The Glyfada store brand.
Facilities Overview
1. Main commercial unit in Agios Dimitrios (HQ), Attica.
The main business unit has been operating for 10 years and has developed across three commercial.
Premises with excellent visibility on a major commercial thoroughfare.
The main building has a total area of 500 sq. m. , consisting of:
• Ground floor: 250 sq. m.
• First floor: 130 sq. m.
• Basement: 120 sq. m.
The premises are connected by an internal staircase and elevator.
The property is privately owned and will be leased to the new owner of the business under a seven-year lease agreement, with a monthly rent of EUR 5,500 plus stamp duty.
The business is additionally supported by:
• An adjacent commercial unit of 50 sq. m. , with a monthly rent of EUR 500 and a five-year lease.
• An opposite ground-floor commercial unit of 90 sq. m, with a monthly rent of EUR 1,170 and a ten-year lease.

2. Commercial store in a prime location in the Southern Suburbs of Athens.
The second business location has been operating for two years in a central location in Glyfada, one of the most prominent commercial areas in the southern suburbs of Athens.
The store has a total area of 110 sq. m. , consisting of:
• Ground floor: 55 sq. m.
• First floor: 55 sq. m.
It also benefits from an exclusive-use outdoor area of approximately 200 sq. m. and an extensive frontage on a major central avenue.
The monthly rent is EUR 1,870 including stamp duty, with a ten-year lease agreement.

3. Tiles & bathroom products business in the Greek Islands.
The third business unit has been operating for 12 years in a highly commercial location in Zakynthos, Greece.
The business operates from a 270 sq. m. ground-floor commercial property, with an additional 70 sq. m. warehouse and extensive frontage on a central road.
The property is privately owned and will be leased to the buyer under a seven-year lease agreement, with a monthly rent of EUR 4,000 plus stamp duty.
Capitalization Overview
The company is fully funded by the promoters, with no outstanding loans. Shareholding is limited to two shareholders, the promoter and spouse, holding equal ownership.
All three outlets operate under a single parent entity.
Recent Activity
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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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