The Romanian subsidiary of the Dutch retailer Used Products, which is specialized in selling new and used products, reported a business of over half a million euros in the first nine months of 2020.
This means an increase of more than 100% compared to last year’s same period, when the business reached 250.000 euros.
By the end of the year, Alexandru Săsărman (34 years old), the entrepreneur from Cluj who opened, together with his wife Ramona (36 years old), the first Used Products franchise in Romania in 2018, expects to register a turnover of about 750.000 euros and a net profit of over 200.000 euros.
Currently, the dutch company has around 60 stores in five countries: the Netherlands, Belgium, Spain, Romania and, recently, in Germany.
New Used Products stores in Romania
In Romania, the company intends to expand and is looking for partners for big cities: Bucharest, Timisoara, Constanta, Iasi, Brasov, Sibiu, Oradea and Arad.
Alexandru Săsărman says that a Used Products center can be opened starting from an investment of 40.000-50.000 euros.
”Most of the initial budget is directed to the arrangement of the space and to the first stock of products. However, there are stores of 50-60 sqm in the network, where the initial investment was less than 50,000 euros”, he points out.