Home Appliances Business Seeking Loan in Mysore, India

Home appliances wholesalers & retailers in Mudran Nagar, Mysore seeks funding to set up another store.

Established	20-30 year(s)
Employees	< 2
Legal Entity	Sole Proprietorship/Sole Trader
Reported Sales	USD 9 thousand
Run Rate Sales	USD 11 thousand
EBITDA Margin	20 %
Industries	Home Appliances + 1 more
Locations	Mysore
Local Time	11:09 AM Asia / Kolkata
Listed By	Business Owner / Director
Status	Active

6.2 / 10

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Seeking Loan

USD 30 thousand for 10.0% annual interest, 5 years (Native Currency: INR 2,500,000)

Reason: To establish one more outlet in Mysore.

Collateral Available: USD 0

Includes physical assets worth USD 24 thousand

Name, Phone, Email

Available after connect

Business Name

Available after connect

User Verification

Business Overview

- Retailers and traders of home appliances and operating since 2000.

- Retail shop is located in Mudran Nagar, Mysore.

- Daily walk-ins on an average would be around 15 - 20 customers in a day.

- We have 4 vendors as of now and planning tie-up with Bombay manufacturing company soon.

- We have over 600 wholesale customers in Mysore urban & rural areas who we supply on a regular basis based on their requirement.

- Business has also a presence on B2B platforms like suppliers and TradeIndia.

- Compared to retail business our wholesale business generates more profit.

Products & Services Overview

Mixer Grinder, Pressure Cooker, Tawa, Iron box, washing machine and other home appliances.

Facilities Overview

Total area of 400 sqft retail shop in Mysore. Own premises.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Engineer, IT, Wilmington, Individual Investor / Buyer connected with the Business

Tags:

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Home Appliances Business Seeking Loan in Mysore, India

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