30Y Old Business with 50+ Optical Stores

Riyadh, Saudi Arabia

  • Asking Price: Not Disclosed
  • Gross Income: $6,800,000
  • Cash Flow: Not Disclosed
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: Not Disclosed
  • Listing ID: #226574
  • Established: 1991
  • Employees:

Business Description

This business for sale is a 20 year old company selling Optical Frames, Sunglasses and Lenses in more than 50+ stores in United Arab Emirates, Kingdom of Saudi Arabia, Jordan, Qatar and Egypt.

The company is the Leader in KSA and Egypt in selling Luxottica, Safilo, Marcolin, De Rigo products (Ray-Ban, Gucci ,Tommy Hilfiger, Light Fly, Emporio Armani, Carrera, Tom Ford, Versace, Persol, Prada, Silhouette, Christian Dior, Givenchy, Hawkers, Dolce&Gabbana, Kenzo, Play, Twiins, Vogue, Michael Kors, Marc Jacobs, Giorgio Armani, Oakley, Polo Ralph Lauren, Ralph, Seen, Furla, Fendi, Kate Spade, Max Mara, Christian Dior Homme, Hugo Boss, Ray-Ban Junior, In Style, Jimmy Choo, Tiffany, Hugo, Montblanc, Prada Linea Rossa and more.

The Management is considering an exit or a sale of shares for an imminent relaunch in the Gulf. This company is an undisputed leader in Jordan and a top player in Saudi Arabia.

Gross Profit: 23,000,000 AED (6,200,000 USD)

Business Details

Primary Business Category: Retailers - Miscellaneous
Location: Saudi Arabia
Metropolitan Area: Riyadh

Company Information

Year Established: 1991
Home Based: No
Franchise: No
Relocatable: No
Number of Employees:

Financial Information

Gross Revenue: $6,800,000
Seller Financing Available: No

Property Information

Reason for selling:

Expansion in MENA Region

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Business Listed By:

Rick Brown

MergersCorp M&A International