Bicycle Shops Seeking Loan

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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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Bicycle Manufacturing Company Seeking Loan in Lower Austria, Austria

Company developing an air-pump product that is integrated directly into a bicycle.
- We have developed a product for the bicycle market in which a new seat post with an integrated air pump is installed in the bicycle without having to carry a separate pump. - The pump is located in the seat post, a saddlebag contains all the equipment needed to fill the bicycle tires with air. - Air can be pumped up to 115 PSI and the spiral hose can be used to reach both the front and rear tires. - The product can be attached to 80% of all bicycles. - We have received first orders for products via Amazon and our own website, which we have already delivered. We also have discussions with bike manufacturers and bike dealers in Holland and in the EU. - Our products are made in China, but currently our supplier cannot deliver due to the Corona virus situation. - We have not yet generated sales because we have not yet received our product batches. We are in talks with our manufacturer to get our products soon so we can start selling. - Patents granted for the EU, the USA and Canada. We want to expand our activities in the future to all these regions and worldwide. - Promoter has been in research, development and design for 20 years and has been connected to the bicycle industry worldwide for 15 years.
Company developing an air-pump product that is integrated directly into a bicycle.
8.1   Lower Austria
Run Rate Sales
Nil
EBITDA Margin
Nil
Business Loan
EUR 3.5 Mn at 10% interest
Contact Business

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    There are 2 active and verified bicycle shops seeking loan listed on SMERGERS as of 25 October 2020.
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