INR 3.5 Cr

Well established premium retail optics business selling over 20 international brands

Ad Details

  • Ad ID: 1589

  • Added: September 9, 2019

  • Sale Price: INR 3.5 Cr

  • Condition: Brand New

  • Location: India

  • State: Tamilnadu

  • City: Chennai

  • Phone: 9066602382

  • Views: 150

  • Reason for Sale/Buy/Lease: Partners are looking to retire and are looking to pass on healthy business for potential growth

  • Stake Sale %: 100%

  • Established Since: 1980

  • Fixed Assets: INR 75 Lakhs

  • Employees Size: 10

  • Annual Sales: INR 3.8 Cr

  • OPM(Operating Profit margin) %: 25-30%

  • Building Rent: Self-owned Space

  • Business Entity type (Pvt, Public, LLP): Partnership Firm

  • After sales Support & Training: Partners will give a hand-holding period of 6-9 months

  • Interest (Loan repayment): N/A

Description

– Our client is into premium retail optics business wherein they have in-house optometrists who check the vision of patients and based on their lifestyle and budget a wide selection of frames and lenses are offered to them.

– They deal with over 20 good domestic brands as well as popular international brands such as Vogue, Carrera, Elle, Espirit, Boss, Burberry, and Versace.

– Based out of a prime locality surrounded by a complete shopping arena they have clients from various walks of life such as architects, builders, IT and the general public.

– Our Client commands a strong relationship with their vendors who reward them with good trade discounts and high-profit margins.

– The company’s physical assets include receivables, deposits and does not include the company’s showroom.

– The firm is currently not looking to sell the showroom and the investor would receive the list of vendors, clients, and a recognized brand.

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Business Price

INR 3.5 Cr

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