Apparel Store Seeking Loan in Palakkad, India

Family apparel store operating with 2 outlets and planning to start a third store.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 400 thousand
EBITDA Margin
4 %
Industries
Locations
Local Time
7:05 PM Trichy
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 33 thousand 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: USD 0
Includes physical assets worth USD 66 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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.

Products & Services Overview

Formal & casual shirts, pants, dress, t-shirts for men, women and kids.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with this business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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