Electronics Store Seeking Loan in Pimpri-Chinchwad, India
Company runs 2 retail shops that sell electrical home appliances in Pimpri-Chinchwad, seeks loan to expand inventory.
| Established | 5-10 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 40 - 50 thousand |
| Run Rate Sales | USD 20 thousand |
| EBITDA Margin | 30 % |
| Industries | Electronics Stores |
| Locations | Pimpri-Chinchwad |
| Local Time | 9:07 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
22.4 thousand
for
15.0%
annual interest,
5
years
(Native Currency: INR 2,000,000)
Reason: We are in discussion with an additional manufacturer and need funds to purchase stock.
Collateral Available: USD 0
Includes physical assets worth
USD
90 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- Company operates two retail shops that sell electronic home appliances such as mixers, grinders, oven, and washing machines.
- Both shops are located in prime areas in Akurdi, Pimpri-Chinchwad, near clothing stores, temples, and shopping complexes.
- We purchase the stock directly from 3 domestic manufacturers: Polycab, Meadow, and Olympus.
- We generated INR 4 lakh monthly revenue before the lockdown, and currently, we are operating only one shop and the sales have declined. Our second shop is still closed due to lockdown restrictions.
- Promoter has over 8 years of industry experience.
- Business has been running for 8 years and was re-established in 2017.
- Both shops are located in prime areas in Akurdi, Pimpri-Chinchwad, near clothing stores, temples, and shopping complexes.
- We purchase the stock directly from 3 domestic manufacturers: Polycab, Meadow, and Olympus.
- We generated INR 4 lakh monthly revenue before the lockdown, and currently, we are operating only one shop and the sales have declined. Our second shop is still closed due to lockdown restrictions.
- Promoter has over 8 years of industry experience.
- Business has been running for 8 years and was re-established in 2017.
Products & Services Overview
Refrigerator, washing machine, microwave, mixer grinder, and ceiling fan.
Assets Overview
2 retail shops.
Facilities Overview
Own shops of 325 sq ft and 750 sq ft.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDeputy General Manager, Electrical & Electronic Manufacturers, Pune, Individual Investor / Buyer connected with the Business
Tags:
Consumer Electronics Retailer Seeking Loan in Pimpri-Chinchwad, India
·Lend to Consumer Electronics Retailer in Pimpri-Chinchwad, India
·Home Appliance Shop Seeking Loan in Pimpri-Chinchwad, India
·Electronics Store Seeking Loan in Pimpri-Chinchwad, India
·Lend to Home Appliance Shop in Pimpri-Chinchwad, India
·Lend to Electronics Store in Pimpri-Chinchwad, India
·Consumer Electronics Retailer Seeking Loan
·Lend to Consumer Electronics Retailer
·Home Appliance Shop Seeking Loan
·Electronics Store Seeking Loan
·Lend to Home Appliance Shop
·Lend to Electronics Store
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