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Wholesaler in Croatia for sale
Company (footwear retailer/wholesaler) for sale
- Sales of the footwear retailer/wholesaler for sale: 15.7m Euro
- Profitability: the profitability of the footwear retailer/wholesaler is medium
- Location of the footwear retailer/wholesaler for sale: Croatia
- Employees of the company for sale: >150
- #CFIE U036
- Reason for sale: capital increase of 2-2.5m Euro for working capital in order to improve procurement conditions
Overview Croatian retail business for sale
The Company was established more than 20 years ago as a distributor and has since grown into the leading retailer and wholesaler of footwear and lifestyle product in the Croatian market. Retail sales, through its chain of 24 stores, accounts for 90% of total revenues.
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Profile of footwear wholesaler for sale
The footwear retailer and wholesaler for sale was founded by a team of young enthusiasts driven by fresh ideas. At the beginning, the company was distributing only Dr. Martens footwear. Later the Company became a distributor of VANS footwear and Reebok footwear as well. Aside from VANS and Dr. Martens, the Company currently distributes Pepe Jeans.
Products and brands sold by the footwear retailer
By carefully listening to the needs of the market and the pulse of fashion buyers, the Company with its retail chain has become a market leader with a collection of footwear and fashion lines by leading world brands such as Dr. Martens, VANS, Skechers, Pepe Jeans, Adidas, Converse, Asics, Nike, Lacoste, Replay, Art, Keds, Timberland, Panama Jack, Hunter, New Balance and Reef. The Company currently has 24 retail stores plus an on-line web shop in Croatia and Slovenia. The stores are located throughout the country.
Highlights of the Croatian company for sale
- The Company continued to achieve solid growth as revenue topped 15.7 mil EUR in 2014, an increase of 9% as compared to 14.4mil EUR in 2013.
- Gross profit totaled 6.2 mil EUR, an increase of 0.7 mil EUR or 13% as compared to 2013, while gross profit margin improved to 39.8%. The significant increase in gross profits reflected a combination of more sales at full-price (less discounts offered) and better purchasing terms from suppliers.
- EBITDA totaled 0.9 mil EUR in 2014, an increase of 48% in comparison to the previous year, while EBITDA margin improved to 5.8%.
- The on-line web shop continuous to expand at a fast pace as revenues doubledin the past year, totaling 1 mil EUR in 2014. The web shop has expanded to the Slovenian market and management projects further revenue growth at low incremental cost.
- The footwear retailer/wholesaler for sale currently has 24 stores and it plans to open up an additional stores in Split and Rijeka. In addition it plans to expand its on-line business in Croatia and strengthen its web shop in Slovenia.
- Management has a strong track record of almost 20 years in the footwear business, with a wealth of experience in retail sales and wholesale distribution.
- The footwear retailer for sale Company has a strong brand portfolio of all the hottest footwear brands in the market including: Nike, Converse, Adidas, Reebok, Timberland, Hunter, Diesel (as of 2015), New Balance, Palladium, Panama Jack, EMU, VANS, Skechers, Dr. Martens, Art, Lacoste, Replay, and Pepe Jeans.
- A chain of 24 retail stores located in prime locations in popular shopping malls and city centers. With the experience of opening over +70 stores in various locations, management has been able to determine with precision which locations/cities are most profitable. Furthermore, due to the volume of business and well-known brand name of the retail chain, management has been able to demand and receive prime locations in shopping malls with high pedestrian traffic volume.
- As a distributor of several popular brands, such as VANS, Pepe Jeans and Dr. Martens, the footwear retailer and wholesaler for sale Company is able to achieve higher gross margins as compared to its competitors which sell the same brands.
Information on this footwear retail chain / wholesaler
Please do get in touch if you are interested in learning more about this Croatian retailer and wholesaler of footwear that is open for a business sale. Fill out contact form (get in touch).