Furniture Business Seeking Loan in Nagpur, India

- Our company offers a range of hairpin legs of varied sizes along with read-made furniture to its customers under its own brand name.

- Hairpin legs are essentially support legs for tables which the customers can simply place below a flat surface and convert it into a standing table. Our furniture are essentially custom-made coffee, TV cabinets, and bar tables that are handcrafted using high quality wood.

- Currently, we are offering 10 hairpin legs of varied sizes along with 3 different tables under our brand.

- Furniture and hairpin legs are manufactured at our in-house facility. Manufacturing capacity is over 1,500 hairpin legs and about 60 furniture units every month. We are utilising between 75 to 80 percent of the full production capacity.

- Each pack of hairpin legs includes 4 pieces and the average price of each pack varies between INR 3,000 to INR 3,500.

- We receive about 20 to 25 orders for our hairpin legs every month through Amazon contributing to over 50 percent of the company's total revenue.

- Apart from Amazon, hairpin legs are also sold on India-mart where we receive about 7 to 8 bulk orders ever month. The order sizes vary. This channels contributes to 25 percent of the company's total revenue. These are the only two channels where we sell our hairpins.

- Our furniture is sold through two channels: selling them directly to local furniture stores and by fulfilling direct purchase orders. We sell about 10 to 15 units every month across these channels. Furniture sales contribute to about 25 percent of the company's total revenue.

Our company manufactures and sells the following under our brand name:

- Hairpin legs: 5-inches, 16-inches, 30-inches, 28-inches, etc.

- Furniture: coffee tables, TV cabinets and bar tables.

Physical assets include:

- Inventory of raw materials and finished products.

- Machinery and equipment for manufacturing hairpin legs and furniture.

- Laptop and printer.

- The business runs operations from the owner's private property spread across 300 sq. ft.

- The facility is not owned by the business and isn't part of its physical assets.