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 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 50 - 60 thousand
Run Rate Sales USD 24 thousand
EBITDA Margin 30 %
Industries Electronics Stores
Locations  Pimpri-Chinchwad
Local Time 11:37 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 27 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 110 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.

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.

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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