Summary:
A Bulgarian company, active in sales of disposable vapes, has developed a method for a quick and effective penetration on foreign markets. The company is looking for partners to support its sales under distribution services agreement.
Description:
A Bulgarian company active on the disposable vape market for 1 year has developed a method with the help of which the business can be started quickly in other countries to make sure that when the competitors come, it’ll be hard for them to take from its market share.
Within this 1 year the company generated 7 million EUR in revenue only in Bulgaria delivering its product to over 6000 stores around the country. In Romania, it’s selling in over 2000 stores being on the market for a month and a half with sales’ doubling every month. The company is also operating in 4 other EU countries where the situation is the same. It has 56 employees in Bulgaria hired within a period of 8 months and bought and branded 12 cars for the purposes of its activity.
The company is looking for partners to help it with the commercial realization of the product under distribution services agreement.
Type (e.g. company, R&D institution…), field of industry and Role of Partner Sought:
The company is looking for partners with experience in the FMCG (Fast Moving Consumer Goods) sector – distributors and retail stores, to help it to put the product on the shelves quickly.
The partner has to: support the company in the product’s distribution, negotiate with retail stores/chains (if not a retail store itself) for the product’s placement on the shelves, hire the team for the product’s sale on the market, make suggestions for the improvement of the product and of the marketing materials and look for other opportunities for achieving higher sales of the product.
Stage of Development:
Already on the market
IPR Status:
Copyright
Comments Regarding IPR Status:
The copyright is on the advertising materials, which will be used by the potential partners.
External code:
BOBG20211022001
