Optica los Andes

What Optica los Andes does

Óptica Los Andes (legal entity: OPTICA LOS ANDES S.A.) is a privately held Ecuadorian optical retail chain operating 90 physical stores nationwide from its headquarters in Quito. Founded more than 45 years ago, the company serves general Ecuadorian consumers — segmented by gender and age (men, women, children) — with prescription eyewear, sunglasses, contact lens-adjacent products, and complementary visual health services. Its product portfolio spans private-label frames (OLA, Sinco, Fix, Fashion Street) priced from $33.64 to $90.85, alongside licensed premium international brands (Ray-Ban, Oakley, Gucci, Guess, Puma, Ralph Lauren), and premium prescription lenses from Essilor (Varilux, Stellest, Eyezen, BlueUV, Xperio, Transitions, Crizal). The company performs over 100,000 visual examinations annually using Eyetec advanced diagnostic technology, provided free of charge as a customer acquisition driver.

The business operates a hybrid omnichannel model: in-store consultations and walk-in exams at 90 locations, e-commerce via opticalosandes.com.ec with home delivery through logistics partner Tramaco, a toll-free call center (1800 OPTICA), and WhatsApp-based sales and service. Payment processing is handled through Placetopay (PCI-DSS compliant), and extended warranty/protection plans (OLA Plus) are underwritten by Chubb with 3–24 month coverage durations and a 30% deductible. Revenue derives primarily from one-time eyewear and lens sales, with a secondary recurring stream from OLA Plus warranty attach and visual health services. Marketing is concentrated on organic social (Instagram, Facebook, TikTok), email newsletters, and in-store promotions.

Strategic positioning is built on distribution scale, brand portfolio breadth, and 45+ years of accumulated consumer trust in Ecuador. The company holds no disclosed funding, no parent organization, no disclosed M&A activity, and no public financials. Key technology and supply partnerships — Eyetec (diagnostics), Essilor (premium lenses), Chubb (warranty insurance), Placetopay (payments), and Tramaco (logistics) — form the operational backbone. No AI/ML capabilities, research output, or proprietary digital platforms beyond the e-commerce storefront are evident in the source data.

Name

Optica los Andes

Legal name

OPTICA LOS ANDES S.A.

Website

https://opticalosandes.com.ec

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

251–500 employees

Short description

Óptica Los Andes is a privately held Ecuadorian optical retail chain operating 90 stores nationwide, selling prescription eyewear, sunglasses, and premium lenses from Essilor and licensed brands to general Ecuadorian consumers, supported by in-store eye exams and an e-commerce platform.

Ownership category

akta.pro rank

Product category

Optical Retail

NAICS

Optical Goods Retailers (45613), Offices of Optometrists (621320)

SIC

Ophthalmic Goods (3851), Retail-Apparel & Accessory Stores (5600)

akta.pro primary industry

Optical Dispensing & Eyewear Retail (Glasses/Frames/Lenses) (HLAKAKAL)

akta.pro secondary industries

Sunglasses (Non-Prescription) (CRAAAKAB), Sunglasses & Luxury Eyewear (CRAKAEAE)

Keywords

• Optical retail services
• Prescription eyewear
• Eyeglass frames
• Visual health exams
• Sunglasses retail

Headquarters

HQ city

Quito

HQ country

Ecuador

HQ region

Latin America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Eyewear Retail: Retail sales of prescription frames, sunglasses, and optical products through 90 physical stores and e-commerce platform. Products include frames under own brands (OLA, Sinco, Fix, Fashion Street) and licensed brands (Ray-Ban, Oakley, Guess, Gucci, Puma, Ralph Lauren).
2. Prescription Lenses: Sales of prescription lenses including branded options such as Varilux, Stellest, Eyezen, BlueUV, Xperio, Transitions, and Crizal coatings.
3. Extended Warranty (OLA Plus): Extended protection plans for eyewear covering accidental damage, theft, and loss. Plan durations from 3 to 24 months with 30% deductible.
4. Visual Health Services: Visual examinations and eye health services provided at store locations.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Óptica Los Andes is an Ecuadorian optical retail chain that sells prescription eyeglass frames, sunglasses, and branded prescription lenses (Varilux, Stellest, Eyezen, BlueUV, Xperio, Transitions, Crizal) through approximately 90 physical stores nationwide and an e-commerce platform. The company provides free comprehensive visual examinations using EYETEC advanced diagnostic technology, and offers OLA Plus extended warranty plans covering accidental damage and theft.

Product overview

Óptica Los Andes is an Ecuadorian optical retail chain operating as a single-brand retail platform with a network of 90 stores nationwide. The company offers a comprehensive portfolio of eyeglass frames (armazones) and sunglasses (gafas) across multiple price points, featuring both international brands (Gucci, Ray-Ban, Oakley, Guess, Puma, Ralph) and proprietary labels (OLA, SINCO, Fix, Fashion Street). The product ecosystem centers on prescription lenses and coatings from premium partners including Varilux, Stellest, Eyezen, BlueUV, Xperio, Transitions, and Crizal. Supporting services include advanced eye examinations using EYETEC technology and OLA Plus extended warranty protection plans. The company processes online payments through Placetopay and ships via Tramaco.

Differentiator

Problem solved

Functional benefit

Brands

• OLA: House brand for optical frames and eyewear products
• Fix
• Sinco
• OLA Plus
• Andes Visión

Products and services

• Prescription Eyeglass Frames (Armazones)
• Sunglasses (Gafas)
• Prescription Lenses and Coatings
• Visual Examination (Examen Visual)

Quantifiable outcome

• 100,000+ visual examinations performed annually
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• EyeteccoreTechnology or IntegrationTechnology partnership for advanced visual examinations. Eyetec provides the precise lens technology for each condition, enabling complete, deep, and exact visual exams at Óptica Los Andes locations.
• Essilor (Varilux, Stellest, Eyezen)coreTechnology or IntegrationPremium lens technology partnership offering Varilux progressive lenses, Stellest myopia control lenses for children, and Eyezen blue light filtering lenses.
• Essilor (Transitions, Crizal)coreTechnology or IntegrationPartnership for Transitions photochromic lenses and Crizal anti-reflective coatings, providing UV protection and enhanced visual clarity.
• XperiocoreTechnology or IntegrationPartnership for polarized lens technology providing superior glare reduction and UV protection for sunglasses.
• ChubbminorOthersExtended warranty provider for OLA Plus protection plans covering accidental damage, theft, and loss of eyewear.
• PlacetopaycoreTechnology or IntegrationElectronic payment processing platform enabling secure online transactions with credit cards (Visa, MasterCard, American Express, Diners, Discover). PCI DSS compliant.
• TramacocoreChannel Partner/ Reseller/ DistributorLogistics partner for order delivery with live tracking capabilities throughout Ecuador.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Visionworks: US-based optical retail chain offering eye exams, prescription glasses, and contact lenses across a national store footprint. Comparable as a multi-store optical retailer combining professional eye care services with broad frame and lens assortment for general consumers.
• Pearle Vision: US-based optical retail chain also under EssilorLuxottica, providing eye exams and prescription eyewear through franchised and corporate stores. Comparable as an established optical retail brand with similar exam-driven service model.
• Sunglass Hut: Global sunglasses specialty retailer owned by EssilorLuxottica operating in airports, malls, and high-street locations. Comparable on the fashion sunglasses assortment (Ray-Ban, Oakley, Gucci) that overlaps with Óptica Los Andes' premium sunglasses category, though focused exclusively on non-prescription sunwear.
• Specsavers: Global optical retail chain offering eye exams, prescription glasses, and contact lenses across thousands of locations worldwide. Comparable as a large, established incumbent in optical retail with an integrated exam-plus-eyewear value proposition, though operating at significantly greater scale and geographic breadth than Óptica Los Andes.
• LensCrafters: US-headquartered optical retail chain owned by EssilorLuxottica offering prescription eyewear, eye exams, and premium lens brands. Comparable on retail format and on the strong reliance on Essilor lens technology (Varilux, Transitions, Crizal) that Óptica Los Andes also offers.

Emerging players

• Warby Parker: US-born digitally native eyewear brand selling prescription glasses and sunglasses direct to consumer online and through owned retail. Comparable as a competing optical retailer targeting the same value-conscious fashion-oriented consumer with a differentiated DTC model that pressures traditional multi-store chains.
• Lenskart: India-headquartered optical retailer scaling prescription eyewear through a combination of digital channels and physical stores across multiple emerging markets. Comparable as an emerging global optical chain pursuing an omni-channel model that could enter Latin America and compete with regional incumbents like Óptica Los Andes.

Direct peers

• GMO: Mexican optical retail chain affiliated with Luxottica offering prescription eyewear and sunglasses across a national store footprint. Comparable on multi-store optical retail model, brand portfolio mix, and embedded optometry service offering.
• Ópticas Devlyn: Mexican optical retail chain with hundreds of stores selling prescription frames, lenses, and sunglasses. Directly comparable to Óptica Los Andes as a large Latin American optical chain combining walk-in retail with optometry services and own-brand plus international brand assortment.
• MultiOpticas: Chilean optical retail chain offering prescription eyewear, sunglasses, and eye exams with a multi-store footprint across Latin America. Closely comparable to Óptica Los Andes in business model, mix of own-brand and licensed frames, and instore optometry services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/OpticaLosAndes
• Instagraminstagram.com/opticalosandes
• TikToktiktok.com/@opticalosandes.ec
• Xx.com/opticalosandes

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Optica los Andes