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Fashion Eyewear Company for Sale in Surat, India

Multi-branded eyewear optical chain store with 22+ outlets for sale in Gujarat, India.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 560 thousand
Run Rate Sales USD 770 thousand
EBITDA Margin 4 %
Industries Fashion Eyewear + 1 more
Locations  Surat
Local Time 4:38 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.74 million (Native Currency: INR 150,000,000)
Reason: Owners are selling due to a lack of time, and funds to manage operations. The valuation is based on ... View More
Includes physical assets worth USD 930 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Multi-branded eyewear optical chain store in Gujarat, India.
- Renowned brand across Gujarat.
- Successfully operating 22+ stores, including 16 franchises.
- Robust online e-commerce platform.
- Over 2 lakh customers in our offline and online database.
- Comprehensive eyewear offerings: eyeglasses, sunglasses, contact lenses, and eye check-ups.
- Primary sales through 16 franchises and 6 company-owned stores.
- Equal revenue split between franchised and company-owned stores.
- Founders with 28 years of industry experience.
- Manufacturing outsourced to China, partnering with 35 suppliers.
- Fully licensed, including GST and incorporation.
- Own brand with over 5 registered trademarks.
- The revenue figures reflect sales of own stores along with franchise royalty revenue.
- Franchise business is a foco model (where we pay for all the overheads) 1.5% of the sales is given to the franchise partner and under another foco model (where they pay all the overheads) 30 % of the revenue is retained by the franchise partners.
Products & Services Overview
Eyeglasses.
Sunglasses.
Reading glasses.
Contact lenses.
Free eye check up.
Free repairing services.
B2C through our retail outlets.
Assets Overview
Assets:
- A 300 sq ft property shop located on the high street in Surat worth INR 1.5 cr.
- INR 6.5 cr worth of warehouse stock, complete office setup, lens fitting unit, and lens inventory, 22 fully furnished optical stores equipped with the latest branded eyeglasses and sunglasses.
- 5 registered brands.
Facilities Overview
We have stores in 7 cities: Surat (300 sq ft own facility), Ahmedabad, Vapi, Navsari, Bardoli, Bharuch, and Vadodara. Each store is fully furnished with complete eye testing equipment. Our portfolio includes 22 shops in total (6 company run and 16 franchise stores), comprising 1 owned property and 21 rented locations, with areas ranging from 300 to 500 sq ft. The total monthly rent amounts to INR 8 lakhs.
Capitalization Overview
4 shareholders with a shareholding split of 62.59%- 16.79%- 16.80%- 3.83%
Self funded operations mostly.
INR 68 lakh worth of loan outstanding with banks.
Recent Activity
  • Earlier than 15 days
    Founding Partner, New York City, Investment Bank connected with the Business
  • Earlier than 15 days
    Partner, Mumbai, Financial Consultant connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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