Furniture Store for Sale in Coimbatore, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | General Partnership |
Reported Sales | USD 400 - 500 thousand |
Run Rate Sales | USD 470 thousand |
EBITDA Margin | 20 % |
Industries | Furniture Stores |
Locations | Coimbatore |
Local Time | 3:52 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Moderately Active |
- Operating under 3 top furniture brands in India.
- Our products include furniture, home interiors, home decors and commercial interiors.
- Highest revenue generating outlets are 2 OMR outlets in Chennai, 2 Coimbatore outlets - Peelamedu & RS Puram and the Kochi outlet - Edapally near Lulu mall with INR 7 - 10 lakhs per month.
- Out of the 3 brands, 5 stores are under 1st brand, 2 stores under 2nd brand, and 1 store under the 3rd brand name.
- For the brand with the maximum number of stores, a one-time royalty fee of INR 25 lakhs has been paid, which has lifetime validity. A commission of 12-15% on each order is being received.
- For the other 2 brands, a royalty fee of INR 35 lakhs and INR 40 lakhs has been paid. The validity is till 2028 and can be renewed. A commission of 10.5% on each order from 1 brand and 13% & 45% from another brand is being received.
- Sales are completely online, where order will be placed on the brand's app/website, and dispatching will be done from our stores.
- We get about 75-100 orders per month from each store.
- Growing business and monthly sales of INR >4 to 8 Crores can be projected in the coming years.
Furniture is the top selling product.
Highest revenue generating outlets are 2 OMR outlets in Chennai, 2 Coimbatore outlets - Peelamedu & RS Puram and the Kochi outlet - Edapally near Lulu mall.
Electronic assets worth INR 30 Lakhs,
Other assets such as centralized AC etc. worth INR 30 Lakhs.
- Chennai - OMR (2 stores) & Anna Nagar.
- Coimbatore - Peelamedu & RS Puram.
- Kochi - Edapally.
- Bangalore - Electronic city.
- Pondicherry - Reddiyarpalayam.
Rental Advance close to INR 60 lakhs is paid.
Average area of all the stores is 1,500 - 2,500 sqft.
Rent for all the stores combined in INR 9 lakhs/month.
There are no outstanding debts or loans.
There are 4 owners, holding ownership of 25% each.
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Earlier than 15 daysManager, Tyre Manufacturer, Chennai, Individual Investor / Buyer connected with the Business