Bicycle Shop Seeking Loan in Akola, India
Maharashtra based wholesaler and retailer of bicycles and related equipment selling 1,100 bicycles per month.
| Established | 20-30 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 300 - 400 thousand |
| Run Rate Sales | USD 354 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Bicycle Shops |
| Locations | Akola |
| Local Time | 2:13 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
177 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...
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Collateral Available: USD 354 thousand
Includes physical assets worth
USD
590 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
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.
- 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.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysPartner, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysHead Of Acquisitions, Manufacturing, IT & SaaS, Pune, Corporate Investor / Buyer connected with the Business
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