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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 December 23, 2020 at 10:38 pm

Property ID:L#2020777
Year Built:1991
Property Type:Retail Miscellaneous
Property Status:For Sale
Asking Price: TBA
Gross Revenue:$6.8M
Reason for Selling:Expansion in MENA Region
Country:Saudi Arabia
City: Riyadh

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