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Gift Shop for Sale in Chennai, India

A Chennai based company in indigenous jewellery & accessories looking for a buyout.
This transaction has concluded.
This Business is on a Premium Plan
Established 20-30 year(s)
Employees < 2
Legal Entity General Partnership
Reported Sales USD 240 thousand
Run Rate Sales USD 360 thousand
EBITDA Margin Undisclosed
Industries Jewellery + 1 more
Locations  Chennai
Local Time 10:19 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Full Sale
Asking Price: USD 800 thousand (Native Currency: INR 70,000,000)
Reason:
Documents
Teaser
Business Overview

- The world market for Fashion Jewellery & Accessories is around $16.3 billion.

- Globally, India is the second largest manufacturer of Fashion Jewellery after China with 8.3% world share with market size of $2.4 billion growing at a high CAGR.

- A Chennai based brand, Founded by journalist in 2002.

- Gives a global platform for ancient Indian jewellery and crafts made by rural artisans.

- The company has presence across Tamil Nadu, Kerala & Karnataka.

- It initially began as a Furniture & Crafts shop.

- It promotes the skills and talents of Indian Rural Artisans.

- It creates a social impact by supporting Self Help Groups to showcase their creations under a brand label.

- There are a wide range of products ranging from Jewellery (Earrings, Bangles, Necklace, Anklets, etc, Bags, Crafts, Gift articles, etc.

- The products are sourced from various suppliers throughout the country in order to maintain the uniqueness of the designs.

- The business followed a Store-in-Store (SIS) model initially and gradually shifted its presence to retail outlets.

- Today the business has 7 stores across Tamil Nadu, Kerala & Karnataka.

- The company actively engages on PR activities by publishing articles in leading.

Newspapers and magazines such as The Hindu, Times of India, Deccan Chronicle, The Indian Express, Femina Magazine and many more.

- There are about 35,000 loyal customers including few film stars and celebrity customers.

- The company have achieved a turnover of close to INR 3 Crores in FY 2015-16.

Products & Services Overview

Gold-plated Jewellery, Bags: Benaras, Cotton and Kalamkari.

Facilities Overview

NA.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.

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