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 Pimpri-Chinchwad

Company runs 2 retail shops that sell electrical home appliances in Pimpri-Chinchwad, seeks loan to expand inventory.

Key Business Facts
Yearly Sales USD 19.4 thousand
EBIDTA Margin 30 %
Industries Electronics Stores
Locations  Pimpri-Chinchwad
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
Contact Business or Enquire on WhatsApp