Company

Network of used clothing stores.

ID 4322

Selling price

325 000

Industry

Retail stores

Business type

Network of used clothing stores.

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Description

The offer is a retail and wholesale company of used clothing. The company has more than 4 stores in Latgale, 2 stores in Vidzeme, 1 store in Zemgale, 1 warehouse in Riga and a mobile application.

The company has placed its stores in strategically advantageous locations based on the local situation and demographics. The company opened its first store in 2020 and during its operation has gained a large market share, as well as an independent clientele. Since opening, the company has been able to achieve a yearly turnover of around 350,000 EUR. The company also has its own mobile application where you can follow the store’s news, store locations, as well as receive a discount card.

The company is being sold due to a change in the type of business of the owners and has not been hit by hard external factors.

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