They proceed to “inflate” the well-known buns of the confectionery chain (based mostly in Thessaloniki) “Terkenlis”, which, regardless of the lock within the central retailer of town on account of a speedy enhance in working prices, continues to “form” sweets, even when the surroundings is antagonistic.
The shop on Mitropoleos Avenue closed its doorways final week because the lease expired, whereas based on market sources, the proprietor of the property demanded a steep enhance within the hire, with the hire, if accepted, exceeding 20,000 euros monthly. .
The CEO of the confectionery chain, Pavlos Terkenlis, determined to shut the shop, renewing the appointment together with his clients.
In its announcement, the corporate, after assuring that the employees of the closed location has been absorbed into the remainder of the corporate’s shops, notes that “it can employees the brand new area that has already been leased within the metropolis middle for the relocation of the shop in query.”
The chain, after all, has 11 shops within the metropolis with the orders for the most well-liked buns from Terkenlis for these touring to Thessaloniki to be… happy seamlessly.
In its positioning, the well-known confectionery chain factors out:
“The Terkenlis firm, for clarification and data to the general public, makes it clear that the shop positioned on Mitropoleos Avenue and Ag. Sofias shouldn’t be its important retailer and its shutdown doesn’t have an effect on the general operation of the corporate. Which, regardless of the antagonistic situations of the time, is on the rise.
This determination arose on the one hand as a result of completion of the contractual lease interval of the area and however on account of the truth that its operation had turn into unprofitable (excessive rents, power prices, normal bills).
As well as, we must always level out that every one the employees of the shop has been absorbed into the remainder of the corporate’s shops and can employees the brand new area that has already been leased within the metropolis middle for the switch of the shop in query.”
“Candy” monetary efficiency
In accordance with the most recent revealed monetary statements in GEMI (pertaining to the 12 months 2022), the corporate is on strong foundations.
The confectionery chain has proven comparatively secure monetary efficiency in its key monetary figures lately regardless of the monetary disaster. For the 12 months 2022 the turnover of the corporate noticed a big enhance. Thus, the corporate in fiscal 12 months 2022 exhibits a turnover of 17,502,389.55 euros as a substitute of an quantity of 13,460,825.23 euros in fiscal 12 months 2021, marking a rise of 30.02%.
The consequence after taxes for the 12 months 2022 is a revenue of 279,487.45 euros in comparison with earnings of 1,340,443.33 euros within the earlier 12 months.
Earnings earlier than taxes, curiosity and depreciation (EBITDA) of 2022 decreased by 49.34% and amounted to €1,075,806.68. The gross consequence amounted to €5,003,283.45 displaying a rise of 21.92% in comparison with the earlier 12 months.
Based mostly on what the administration stories, “the corporate doesn’t present dependence on particular suppliers. Nevertheless, the foundations of cooperation (primarily the cost) with the suppliers guarantee the corporate aggressive costs, different choices, flexibility and high quality of products. The corporate is accustomed, particularly with necessary suppliers, to ratify cooperation agreements in writing.”
In accordance with the administration, “the sector’s prospects are favorable regardless of the financial disaster. The corporate’s services have exhausted their elastic limits, so in our opinion, a rise in turnover is predicted within the medium time period.”
Probably the most scrumptious journey
The historical past of Terkenlis begins in 1926 and continues to today.
1926
The younger teenager Stavros Terkenlis – a refugee youngster from Asia Minor – begins working on the age of 12 in probably the most central and well-known pastry outlets in Thessaloniki at the moment.
1948
The business trip of the Terkenlis household within the area of pastry and confectionery begins with the institution of the primary retailer by Stavros Terkenlis on the nook of Tsimiski and Aristotelous streets, the place it operates to today.
1988
After 40 years, Pavlos Terkenlis takes over the “helm” of an current retailer, “opening sails” for the creation of a series of privately owned and cooperating shops, making the Model identified all through Greece and overseas. Greeks overseas “unfold” “Terkenlis” to all corners of the world.
2003
The operation of the central manufacturing begins in N. Raidesto, Thessaloniki. Prospects now tackle substance and targets.
2007
Institution of the primary retailer within the metropolis of Athens in Chalandri.
2024
After 76 years, with a complete of 24 shops all through Greece (of which 11 in Thessaloniki, 5 in Athens and eight in the remainder of Greece), Terkenlis continues its course with its buns stealing the hearts of younger and previous.
A matter of survival for SMEs
In any case, when an enormous title like Terkenlis rolls down the shutters on a landmark retailer within the coronary heart of Thessaloniki, it raises affordable questions on what number of small and medium-sized companies within the retail trade will handle to manage in an ever-increasing surroundings of uncertainty, on the time the place turnovers plummet and bills… skyrocket.
Supply: ot.gr
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