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Bag Retailer Seeking Loan in Ooty, India

Custom handbag making business with no dedicated workforce and low overheads, seeks a business loan.

Established 10-20 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 6 - 7 thousand
Run Rate Sales USD 11 thousand
EBITDA Margin 0 - 10 %
Industries Bag Retailers
Locations  Ooty
Local Time 4:56 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 11.3 thousand for 2.0% annual interest, 3 years (Native Currency: INR 1,000,000)
Reason: The owner is looking to expand the scale of operations. The business cannot afford to pay an intere... View More
Collateral Available: USD 0
Includes physical assets worth USD 17 thousand
Interested to connect with advisors
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Business Name
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Documents
Cheque Leaf
Account Statement
Business Overview
- Business specializing in customized handbags tailored to the preferences of local women in Ooty.
- The business purchases bags from wholesalers and modifies them for resale, ensuring variety and diversity in the product lineup.
- Operating for eight years, the business has built a strong reputation for quality and customization within the hometown community.
- Apart from retailing bags, during festive seasons and marriage functions the business fulfills large orders for sarees and other apparels as well, leveraging increased demand.
- The business owns a heavy-load vehicle primarily used for its own operations; however, it is also rented out to other businesses, generating an additional revenue stream.
- The sole proprietor is sometimes aided by their spouse in the business operations.
- The business has a GST certificate.
Products & Services Overview
Our top-selling products include custom-made handbags, and the women in the locality are our main customers.
Assets Overview
Tangible assets include 1 heavy load vehicle and stock of merchandise.
Facilities Overview
We are currently utilizing our residential premises for office and the heavy-load vehicle to store merchandise, located in Ooty.
Capitalization Overview
The everyday profit is being invested back in the business.
There is a loan of INR 1 lakh on the vehicle used to run the business.
Sole proprietorship 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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