Established 4 years ago, this rapidly growing optical retail business operates three branches and has built a competitive advantage by capturing sales from over 40 eye doctors in the area. The business has successfully established a prestigious brand, earning the trust of both doctors and clients. Over the past four years, the optical provider has experienced significant growth, remaining committed to becoming the leading optical retailer. The business has seen a remarkable 138% increase in net profit year over year, showcasing its ability to grow revenue and improve profitability, even in challenging market conditions. The current profit margin stands at approximately 15.6%. Looking ahead, the company aims to achieve a net profit growth of 30-35% over the next 3-5 years. This growth will be driven by strategic acquisitions, the opening of new branches, and enhanced marketing strategies. Based on these projections, net profit is expected to rise to between AED 950K and AED AED1.3M within the next three years.
BUSINESS DETAILS:
Established: 4 years ago
Situated: Dubai
Store Size: B1-850sqft, B2-365sqft & B3-170sqft
Annual Revenue:
2020: 750,000 AED
2021: 1,300,000 AED
2022: 2,200,000 AED
2023: 2,330,000 AED
Annual Cost: 1,965,000AED
Annual Profit: 365,000 AED
Number of Staff: 8
Tenancy Validity : 2025( Renewable)
Assets Value: 1,140,000 AED
NOTE: All branches operate under one license.
FACILITIES & FEATURES:
• Eye Examination Rooms
• Optical Dispensing Area
• On-Site Lens Lab
• Consultation Rooms
• A selection of prescription glasses, contact lenses, and sunglasses.
• Advanced Diagnostic Equipment
• Stylish Frame Collections
• Up-to-Date Technology
• Eyewear ordering, and virtual consultations.
• Waiting Area
• Secure storage for inventory and patient records
• Custom Lens Options
For further details, please don't hesitate to contact us!
