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 40 - 50 thousand
Run Rate Sales	USD 22 thousand
EBITDA Margin	30 %
Industries	Electronics Stores
Locations	Pimpri-Chinchwad
Local Time	5:56 PM Asia / Kolkata
Listed By	Business Owner / Director
Status	Active

6.9 / 10

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Seeking Loan

USD 25 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 100 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

Earlier than 15 days
Deputy 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

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Electronics Store Seeking Loan in Pimpri-Chinchwad, India

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