‘Veloprofs.lv’ will invest 780 thousand in the development of the store network

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For more than 15 years, “Veloprofs.lv” specializes in the retail of high quality bicycles and bicycle accessories, representing such world-leading brands as TREK, Superior, Bontrager, BBB and others. Work is also underway to acquire the right to distribute new brands, bank representatives say.

“Turnover is growing every year, which shows a positive trend – Latvians understand the importance of movement and active lifestyle in their daily lives. The pandemic has also positively boosted sales and doubled turnover – people try to use less public transport, go to nature more often and focus on sports. One of the challenges in the specifics of the bicycle shop business is order planning for the next year, so that difficulties at any stage of the supply chain do not affect the company’s operations. Jānis Baltaisbrencis.

“We continue to be active in financing various business projects, increasing new financing for small and medium-sized enterprises by 32% in the first ten months of this year. We are ready to finance projects in various industries and sizes, as long as we see viability and sustainable development in the company’s business model.” Veloprofs.lv “is an example of how to convincingly win its place in the Latvian market, providing a supply that meets the demand of customers and quality. We are pleased that the company has chosen us as its long-term partner to continue its development and achieve its business goals while promoting healthy lifestyle in society, “says Arnis Škapars, Member of the Board of SEB banka.

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