“This growth comes following a strategy that entails the use of a wide range of marketing and sales tools. It’s a complex business that can sustain this growth rate in the following years,” business owner Adrian Popa said in a press release Friday.
The online construction material business started in 2009 and the sales target is estimated at EUR20 million for the next three years.
Depozit-Online has sales countrywide and the biggest sales are in the Bucharest and Ilfov area, followed by the lower eastern region, southern and southeastern regions of Romania.
“We are currently in talks with several banks to raise our investments in the business and we do not rule out finding a strategic partner in the industry or an investor. Our annual growth has not gone unnoticed among producers and even DIY chains but we are looking for stability especially in view of a horizontal countrywide expansion,” said Popa.
So far, investments in the online retail store amount to around EUR1.5 million.