Bicycle Shops Seeking Loan in Akola

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Bicycle Shop Seeking Loan in Akola, India

Maharashtra based wholesaler and retailer of bicycles and related equipment selling 1,100 bicycles per month.
- The business specializes in the retail, sale and distribution of bicycles, tricycles, e-bicycles, fitness equipment and battery operated children's toys. The business primarily deals with the sale of bicycles. - Distributor of bicycles for popular brands such as Hero Cycles, Hercules, TI Cycles, BSA, Montra, SK Bikes (Gang and Huge brand). - Sell over 1,000 cycles per month through off-line retail and wholesale operations and 100 cycles (approx 10% of volume) through e-commerce retail sites like Amazon. The business also sells around 15 e-bicycles and 10 fitness equipment (Hercules brand) per month. - At present, the business has decided to suspend sales through Amazon and develop its own website. The company website is not live currently. - The price of a bicycle ranges from INR 2,500 to INR 14,000. The sales are more concentrated on the lower priced bicycles. - Have 4 primary suppliers for our bicycles. - The business maintains 1,000 bicycles in inventory at any given point of time. - Have a credit period of 21 days to repay suppliers. Due to the COVID-19 pandemic, the business' suppliers wants to reduce the credit period.
6.6   Akola
Run Rate Sales
INR 3 crore
EBITDA Margin
10 - 20 %
Business Loan
INR 1.5 Cr at 10% interest
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