Convenience Store Seeking Loan in Chennai, India
Chennai base home needs shop with 10+ orders/day seeks funds to expand its location.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 20 thousand |
| Run Rate Sales | USD 21.3 thousand |
| EBITDA Margin | 8 % |
| Industries | Convenience Stores |
| Locations | Chennai |
| Local Time | 2:35 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Seeking Loan
USD
7.8 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 700,000)
Reason: Require funds to expand in terms of space and to incorporate more products.
Collateral Available: USD 0
Includes physical assets worth
USD
4.45 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
MSME Certificate
(722.2 KB)
Business Overview
- Franchise of a renowned Rajasthan-based home needs brand.
- The company specializes in health-friendly groceries, household essentials, and a diverse range of cosmetics.
- We cater primarily to local customers.
- Franchisee fee is a one-time payment (paid for) with no ongoing royalty fees.
- Our promoter brings 4 years of valuable industry experience.
- We handle an average of 10 orders per day.
- The company is fully licensed under MSME and GST.
- The company specializes in health-friendly groceries, household essentials, and a diverse range of cosmetics.
- We cater primarily to local customers.
- Franchisee fee is a one-time payment (paid for) with no ongoing royalty fees.
- Our promoter brings 4 years of valuable industry experience.
- We handle an average of 10 orders per day.
- The company is fully licensed under MSME and GST.
Products & Services Overview
- Company sells groceries, cosmetics and home essentials.- Our bestsellers include our cosmetic products specifically our moringa range and various health care supplements.
- Catering to local customers.
Assets Overview
Assets include:Stock worth INR 2 lakhs, furniture and fixtures.
Facilities Overview
120 sqft shop, rental property on the ground floor.Rent per month is INR 6,300.
Located in Chromepet Chennai.
Capitalization Overview
Sole owner.Family funded business.
Personal loan taken for business INR 15 lakhs.
Outstanding funds INR 50,000.
Recent Activity
-
Earlier than 15 daysSenior Member, Machinery Manufacturer, Chennai, Individual Investor / Buyer connected with the Business
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