Heating, plumbing and air conditioning (Sale of 50% stake) / (Code: 131451001)
The company is a
distributor (wholesale mainly) of heating, plumbing, air-conditioning and
sanitary ware materials and tiles, catering for all building needs. It is the
distributor of important foreign manufacturers for certain products in Greece and Cyprus.It supplies major building complexes
(hotels, hospitals, ministries, airports) all over Greece.
Proven financial record
with long-standing history of in the sector, solid client base and healthy
financials. Sales for the past five years exhibit small growth and last years
profits are representative of a “typical” year.
Operations are
conducted through one leased store located in Athens, with storage facilities.
The company operates
with 15 employees.
TRANSACTION TYPE
Equity
STAKE
50%
REASON FOR SALE
Inability of seller to
control business due to his involvement with other activities.
