Electronics Company Or Premises Only In Athens For Sale

Business description

We are an Anglo-Greek company trading in Athens since 1980 with an excellent reputation. We have our own premises in central Athens on the main highway. These premsies were completed in 2004 to a high standard. Three Directors have reached retirement age and we wanting to sell the Company or the premises. Full information upon request.

Property information

Real Estate:

Real Property Included

Living accommodation:

The 4th floor could be used as an apartment if required as has excellent views across the North of Athens and balcony.

Location:

The Main Athens to Thessaloniki highway . Easy access from either direction. Approx. 10 minutes from the centre of Athens

Premises details:

Full info upon request but premises on four floors, modern design and could be used for manufacturing or retail/offices

Size in square feet:

approx. 950 metres (4 floors with basement)

Planning consent:

We have full planning permission and all Company accounts available. All taxes for the premises have been paid in full.

Business Operation

Expansion potential:

Would be suitable for any Company looking for a depot or servicing department here in Greece. Alternatively premises could be purchased as an investment

Competition / Market:

Our premises were designed for manufacturing professional lighting equipment. Due to the present economic climate in Greece and the imports from the Far East, we have turned our attention to ATM machines.

Reasons for selling:

We built the premises for our own use not for sale. Unfortunately due to the present economic situation in Greece we have found it increasingly difficult and as we have all reached retiurement age we have decided to sell the business or premises and close. Honestly we do not want to see this happen as we have an excellent name in the Greek market and Internationally having exhibited our products in many countries. We would be very happy to find a foreign Company that is in the electronics field that was looking for an agency/premises in Greece.

Trading hours:

Mon-Fri 8.30 to 4.30

Employees:

two

Years established:

30 years

Other information

Support & training:

One of our Directors would be quite willing to remain in the Company for a two year period with a basic monthly wage. In fact his share could be purchased at the completion of this period

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

If prospective purchaser wanted to purchase the building only, then no finance is available. If however they were interested in purchasing the Company then it would be possible to negotiate regarding terms. IE: We would suggest that Buyers purchased shares from two Directors that have reached retirement age and the third Director would be willing to stay to assist Buyers and a legal agreement could be arranged to cover the purchase of his shares at the end of that period.

Furniture / Fixtures value:

€1,000 (included in the asking price)

Inventory / Stock value:

€10,000 (included in the asking price)