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    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
    6.9 / 10
    Compare with industry
    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.

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    Electronics Store Seeking Loan in Pimpri-Chinchwad, India View images
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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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