Bicycle Shop Seeking Loan in Akola, India

Maharashtra based wholesaler and retailer of bicycles and related equipment selling 1,100 bicycles per month.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 400 - 500 thousand
Run Rate Sales USD 400 thousand
EBITDA Margin 10 - 20 %
Industries Bicycle Shops
Locations  Akola
Local Time 12:14 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 200 thousand for 10.0% annual interest, 15 years (Native Currency: INR 15,000,000)
Reason: Funds will be used to repay an outstanding loan of INR 75,00,000 and the remaining amount will be in... View More
Collateral Available: USD 400 thousand
Includes physical assets worth USD 700 thousand
Name, Phone, Email
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Business Name
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Business Overview

- 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.

Products & Services Overview

Bicycles, tricycles, e-bicycles, fitness equipment (exercise bikes, treadmill etc. ), bicycle spare parts and accessories, and battery operated toys for kids.

Facilities Overview

Own warehouse that that has an area of 3,200 square feet. Have a retail shop of 600 square feet that is owned and an attached property of 4,500 square feet that is rented. Currently, the business doesn't pay any rent for the property since the business owner has reached an agreement with the landlord. However, the business pays taxes on the property. All the properties are located in a market area.

Recent Activity
  • Earlier than 15 days
    Director, Ahmedabad, Financial Consultant connected with this business
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