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 10.8 thousand |
| EBITDA Margin | 0 - 10 % |
| Industries | Bag Retailers |
| Locations | Ooty |
| Local Time | 8:54 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
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...
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Collateral Available: USD 0
Includes physical assets worth
USD
17 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
Available after connect
User Verification
Documents
Cheque Leaf
(115.1 KB)
Account Statement
(108.3 KB)
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.
- 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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