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30Y Old Business with 50+ Optical Stores in Middle East

Riyadh, Saudi Arabia
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    30Y Old Business with 50+ Optical Stores in Middle East

    TBA

    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)

    Detail

    Updated on February 25, 2021 at 1:34 am

    Property ID:L#2020777
    Year Built:1991
    Property Type:Retail Miscellaneous
    Property Status:For Sale
    Gross Revenue:$6,800,000
    Reason for Selling:Expansion in MENA Region
    Country:Saudi Arabia
    City: Riyadh
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