Accessories, clothes, jewelry and home decor store in famous Vilnius shopping center

Description:
The business has been operating since 2015 with revenue increasing every year with the exception of 2020 – it has had a declining affect due to the pandemic.
You can find various and unique accessories, clothes and other items made by Lithuanian designers. The store has a website and a Facebook page with 8,000+ followers.
The income is 7,000-12,000 EUR per month. The revenue in 2020 has declined solely due to operating restrictions from the government
Profitability (return on investment) is ~30% per annum of the investment amount. Profit in 2019 was 10,000 EUR
Cost of rent: 1,000 EUR/month (including utilities)
Number employees: 3 (including the manager)
Accounting: outsourced

● The price of 40% shares is 26,000 EUR, 50% – 31,000 EUR, 100% – 52,000 EUR

The reservation fee for this business is an advance of 5,000 EUR.

This business is ideal for a Residence Permit application as it meets all the requirements of the Migration Department. In order to apply for a Resident Permit the company has to be operating for at least 6 months and daily income, expenses and active employees (salaries & taxes) must reflect in the company’s history, as well as actual premises must be present.
Primary activity: Shops
Price: €50.000
Country of registration: Lithuania