Sector: Home needs stores
SIC Code: 59990000 MISCELLANEOUS RETAIL STORES, NEC
Country of Origin: United Arab Emirates |
Target Countries: United Arab Emirates
Target Areas: ME (Middle East countries)
Business currently operates 10 stores in categories of storage, stationary, home improvement, houseware, electricals, kitchenware, paints, seasonal products, chemicals and garden supplies. Sales in 2021 are on track to exceed AED 8 Million with EBIDTA of 13%.
The leading and fastest growing category is storage and organisation. The business aims to expand to 24 stores in the UAE and thereafter internationally. It is therefore looking for growth capital.
The promoters have funded the business 100% with equity and do not intend to monetise at this stage, but are open to discuss exit after achieving growth after 5 years.
Revenue 2020: EUR 1,920,000
EBITDA 2020: EUR 249,600
Capital required: EUR 4,500,000
Revenue Multiple 2020: 0.00
EBITDA Multiple 2020: 0.00
Business commenced operations in 2018.
Sales in 2021 are on track to exceed US $8 Million with circa 13% EBIDTA.
It operates 10 stores, offering 10 categories of products, with a growing customer base.
The business aims to expand to 24 stores in the UAE and thereafter internationally.
Offering equity participation to strategic investors. Investment will be made directly in the operating company.
Business has been funded by the promoter family to date, and inflexion does not carry any debt in its capital structure.
The funds infused will be used to fuel growth and remain invested in the business.
The promoters intend to remain invested & to lead and grow the business. It is expected that they will monetise together with the investors in circa [5-7] years time.
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