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Consumer Electronics Business Seeking Loan in Kharagpur, India

Growing consumer electronics retailer in Sabang seeking loan to boost inventory of products.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 23 thousand
Run Rate Sales USD 35 thousand
EBITDA Margin 12 %
Industries Consumer Electronics
Locations  Kharagpur
Local Time 2:42 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 23 thousand for 12.0% annual interest, 4 years (Native Currency: INR 2,000,000)
Reason: Need funds to acquire more inventory.
Collateral Available: USD 0
Includes physical assets worth USD 17.4 thousand
Name, Phone, Email
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Business Name
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User Verification
Business Overview
- Small scale consumer electronics retail business with a focusing on household appliances.
- Their top-selling products are single door refrigerators, popular amongst local consumers for their space efficiency and affordability.
- The primary customer base is the local population in the town of Sabang and its surrounding areas, suggesting a strong community presence and localized market focus.
- Revenue is generated from direct sales of their electronic products, leveraging a modest inventory to meet local demand efficiently.
- With a dedicated team of 6 employees, the business emphasizes customer service and local engagement to drive sales and maintain customer satisfaction.
- Business has a GST Certificate.
Products & Services Overview
- Top selling products are single door refrigerators.
- Apart from this we also sell double door fridges, LED TVs, and mobiles.
- Products are bought by the local population of the town of Sabang and surrounding area.
Assets Overview
Tangible assets include the inventory of 20+ fridges and 15 LED TVs.
Facilities Overview
- Rented ground floor location.
- Built up area of 500 sq. ft.
Capitalization Overview
- No loans or debts.
- Single owner owns the entire 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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