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Convenience Store Seeking Loan in Motihari, India

Grocery store in Motihari, Bihar in a prime residential area, projecting sales INR 5 lakhs/month.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Convenience Stores
Locations  Motihari
Local Time 1:05 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 11.7 thousand for 11.0% annual interest, 5 years (Native Currency: INR 1,000,000)
Reason: Seeking loan to open our grocery store and procure the stocks.
Collateral Available: USD 23.4 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
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Business Overview
- Opening a grocery store in Motihari, Bihar in a prime location surrounded by residential colonies.
- We will sell all household items, food items such as frozen food, snacks and grains, personal care and hygiene.
- Expecting a customer base of 100 per day.
- Projected sales are INR 5 lakhs per month with 20% profit margins.
- Will be purchasing the stocks from brand distributors from Delhi.
- Home delivery will be provided for orders within a 10km radius.
- Planning to do online sales as well.
- Launched our Android mobile application and applied for Amazon and Flipkart registration, which will be received in 1 week.
Products & Services Overview
- Grocery store - household items, food items such as frozen food, snacks and grains, personal care and hygiene.
- Will be doing both offline and online sales.
Assets Overview
No physical assets are there for the business.
Facilities Overview
The facility is a single floor store space located in Singheshwar, Motihari, Bihar. Area is 1,200 sq ft and rent is INR 25k per month.
Capitalization Overview
The business will be funded by the owners.
No outstanding loans or debts for the business.
There is one director, holding 100% ownership.
Recent Activity
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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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