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Toy Shop for Sale in Riga, Latvia

Distributor of developmental toys with well-established market, supplying approx. of 80% state's kindergartens in Latvia.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 300 thousand
Run Rate Sales USD 330 thousand
EBITDA Margin 35 %
Industries Toy Shops
Locations  Riga
Local Time 8:28 PM Europe / Riga
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Full Sale
Asking Price: USD 440 thousand (Native Currency: EUR 400,000)
Reason: The owner is working on other projects and to change place of living.
Includes physical assets worth USD 120 thousand
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Business Overview
- The company is a well-established distributor of developmental toys with a strong market presence since its founding in 1998.
- 80-85% of state kindergartens in Latvia are clients of this company, there are good facilities and additional potential with private kindergartens.
- With 950 invoices per year, the company operates with at least 15 manufacturers, mainly in the EU, and has stable and proven suppliers.
- The management structure includes two sales employees and outsourced services for accounting, transport, and website software administration. The company also has two permanent and proven logistic partners for freights and deliveries to clients.
- There are opportunities and prospects for significant expansion to kindergartens in the Baltic countries, as well as attracting more retail online stores.
- The company operates within regulatory compliance, with only toys with CE certificates being purchased, and no specific additional certificates required for its operating permit.
Products & Services Overview
The product range is tested and fully meets needs of preschool education processes, i. e. developmental toys, sports and music equipment, sensory equipment for special and rehabilitation institutions. The main sales methods are field sales in kindergartens and sales through the Internet store.
Assets Overview
Tangible assets include office furniture, computers, printers, warehouse shelves with a stock inventory of profitable toys in value EUR 100k.
The intangible assets include two domain names with working websites, logos, a client database, and all personal contacts.
Facilities Overview
The office and warehouse of 120 sqm are rented with a monthly rent of EUR 625 plus a 21% VAT.
The facility is located near the Riga City Center.
Capitalization Overview
Self-funded business with no liabilities. No debts or loans. The business is owned by 1 shareholder.
The company has a positive cash flow, very good profitability, and valuable stock which can ensure almost 1 year’s turnover.
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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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