Each agricultural supermarket is planned to have an area of more than 500 square meters and the first five stores will be opened in 2020.
The company expects its turnover will double to EUR60 million when the investments are finalized.
Over half the planned supermarkets will be built with the company’s own funds, 20% will be spaces rented in strip-malls and the rest will be franchised to Agroland’s existing partners.
Agroland currently has 250 stores with retail areas of 50-150 sqm, serving 400,000 customers a year.
In its supermarket chain, the company expects 5,000 to 8,000 unique customers a year and sales of EUR1 million per store starting with the third year.
Agroland was founded 20 years ago and its chain of stores currently covers 28 counties in Romania. The company sells feed, pet food, day-old chicks, gardening products and seeds and agricultural machinery parts.
In 2018, Agroland Business Systems had sales of RON136 million (EUR29 million) and a net profit of RON4 million, according to finance ministry data.