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.
Seeking Loan
USD
21.6 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
86 thousand
In talks with 1 Investor