Food Wholesale Business Seeking Loan in Satara, India
Supplier of frozen food and condiments to HORECA businesses in Satara seeks expansion funding.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 100 - 200 thousand |
| Run Rate Sales | USD 182 thousand |
| EBITDA Margin | 8 % |
| Industries | Food Wholesale |
| Locations | Satara |
| Local Time | 8:51 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
234 thousand
for
6.0%
annual interest,
10
years
(Native Currency: INR 20,000,000)
Reason: The funds are needed as working capital to fuel our expansion in 3 districts of Maharashtra. The wor...
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Collateral Available: USD 0
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Business Name
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Business Overview
- Food distribution for Mccain, Nestle, Milky Mist, Venkys, Delmonte, Veeba, and Gowardhan.
- We supply only to HORECA businesses in the Satara district as of now.
- Have about 95 small clients (cafes, restaurants) and about 28 big clients (4-star hotels and resorts).
- The big clients enjoy a 30-45 day payment period.
- We want to expand to 3 more districts and need funds for this expansion. We want to target big clients and thus would need working capital.
- We supply only to HORECA businesses in the Satara district as of now.
- Have about 95 small clients (cafes, restaurants) and about 28 big clients (4-star hotels and resorts).
- The big clients enjoy a 30-45 day payment period.
- We want to expand to 3 more districts and need funds for this expansion. We want to target big clients and thus would need working capital.
Products & Services Overview
Distributors of frozen and processed food supplies to HORECA businesses. We supply McCain, Nestle, Delmonte, Veeba, and Gowardhan products to hotels, resorts, cafes, and restaurants.
Assets Overview
The business does not own any physical assets.
Facilities Overview
Our registered address is an owned office and a 500 sq. ft. godown in Mahabaleshwar. We also have a rented office and a 700 sq. ft. godown in Satara.
Capitalization Overview
- INR 6 lakh CC with Union Bank of India.- Sole proprietorship.
Recent Activity
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Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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