BUSINESS DESCRIPTION
Our Client is an experienced retailer and holder of a franchise for a global challenger brand in the home furnishings market. It holds the exclusive franchise for the United Arab Emirates and the Kingdom of Saudi Arabia.
Having successfully launched the brand in the UAE, it is now focused on opening a number of stores in the Kingdom of Saudi Arabia and has a long term plan to expand in the MENA region and beyond.
The company has a world-leading management team with vast retail experience across the GCC, encompassing several global brands. The team are all co-investors in the company.
Highlights
* The franchiser has an established presence in over 50 countries
* Well-developed sales concept
* Unique product offering and business model in GCC market
* Sales rights for all retail channels
* Strong online and offline marketing efforts, incl. digital presence
* Targeting at least 10% online sales
* Fully integrated supply chain
* Tried and tested store concepts - stand alone and shopping mall locations
* 10% - 15% higher mark-ups in the UAE and KSA compared to EU countries.
Our client is seeking a total investment of US$10 million in return for equity. This investment will fund an aggressive roll-out of branded stores in the Kingdom of Saudi Arabia. It is expected that positive EBITDA will be achieved in year two on forecast revenue of US$24 million.