Details - Information last confirmed on February 6, 2021
1 of 3 largest retail chain stores in Lithuania for home appliances and electronics with 20 developed stores.
A highly profitable company with almost 30 years of experience as a home appliances and electronics retailer. One of Lithuania’s most prominent leaders in direct to consumer sales with 20 strategically selected brick and mortar locations, placed in high visibility areas, most of which are city and town centers. Well known and revered by local shoppers, our company offers unparalleled service by over 50 well-trained professional consultants and specialists.
Throughout its 28 years of growth our company has always retained profitability. Even in such trying times as the 2008 financial crisis, which was successfully managed, and these days, during the global pandemic of 2019/2020 – all locations have been rapidly upgraded into pick-up points and have retained their customer base. These and many other points in the company’s history pertain to its stability and reliability.
An indicator which is also reflected by the company’s low employee turnover rate. A staggering median of 5.1 years! This has been achieved with a very thorough potential employee selection process and an all-around onboarding and training system for new hires, which was implemented in the early stages of business development. The result – a work environment that naturally motivates people to excel in their field, promotes loyalty and a happiness to be a part of our team.
Our ever-growing business represents over 500+ brands ranging from smaller, fresh start-ups seeking to get a foothold to decades old, internationally recognized large manufacturers. Also, our company boasts its own personal and exclusively owned brand of home appliances. Manufactured and assembled following world-class standards, design and innovation. Requirements which assure additional future financial and company brand recognition growth for years to come.
Our retail network is based in the Republic of Lithuania - a geographical center of Europe, a country which is part of the European Union and the Schengen Area. Lithuania is one of the fastest growing innovators, featuring the largest information and communications industry in the Baltic States. Likewise, the country is inhabited by forward thinking, technologically apt people who have a growing demand for industry leading home appliances and smart electronics. A need that we have an insurmountable amount of experience in fulfilling.
To this day owned by its original founder who created and developed this business starting nearly 30 years ago, the company today is one of the strongest candidates to an investor searching for a gateway into a country with huge growing potential in all market segments. 2019 marked another successful year of growth yielding another record high turnover and EBITDA margin rate. The current owner is looking to sell the entire company as plans for retirement are made but wishes to see his long developed business continue on to new horizons.
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