Apparel Store Seeking Loan in Palakkad, India
Family apparel store operating with 2 outlets and planning to start a third store.
This transaction has concluded.
| Established | 20-30 year(s) |
| Employees | 10 - 50 |
| Legal Entity | General Partnership |
| Reported Sales | INR 3 crore |
| Run Rate Sales | INR 3 crore |
| EBITDA Margin | 4 % |
| Industries | Apparel Stores |
| Locations | Palakkad |
| Local Time | 8:07 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
INR
25 lakh
for
11.0%
annual interest,
6
years
(Native Currency: INR 2,500,000)
Reason: To open a third outlet on 1,500 sq ft area.
Collateral Available: INR 0
Includes physical assets worth
INR
50 lakh
Business Overview
It's a family apparel store that sells apparels for men, women and kids. We are operating with 2 outlets and each outlet receives 80+ footfalls on a daily basis. Have tie-ups with 60 suppliers from Mumbai, Bangalore, Ahmedabad and locally to source apparel.
Seeking funds to open a third outlet which will be 20 kms away from the current outlets. We have identified the location but are yet to enter into rental agreement with the property owner. This outlet will be 1,500 sq ft near residential and office area.
Owner of the firm has 20+ years of experience in retail business. Business owned assets include stocks, furniture and billing machines at 2 stores.
Seeking funds to open a third outlet which will be 20 kms away from the current outlets. We have identified the location but are yet to enter into rental agreement with the property owner. This outlet will be 1,500 sq ft near residential and office area.
Owner of the firm has 20+ years of experience in retail business. Business owned assets include stocks, furniture and billing machines at 2 stores.
Products & Services Overview
Formal & casual shirts, pants, dress, t-shirts for men, women and kids.
Facilities Overview
- Both the current outlets are of approx 1,000 sq ft on rent.- The third outlet will be on 1,500 sq ft. We have identified the location but are yet to enter into rental agreement.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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