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Profitable Grocery Shop Seeking Loan in Nashik, India

Running grocery business in Nashik seeks funds to set-up more stores in Mumbai, Thane, Pune.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 36 thousand
Run Rate Sales USD 60 thousand
EBITDA Margin 40 %
Industries Grocery Shops
Locations  Nashik + 1 more
Local Time 6:22 PM Asia / Kolkata
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 360 thousand for 12.0% annual interest, 3 years (Native Currency: INR 30,000,000)
Reason: - Looking for up to Rs. 3.00 crores loan. - To buy existing grocery and convenience stores located ... View More
Collateral Available: USD 180 thousand
Includes physical assets worth USD 12 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Card
GST Certificate
Business Overview

- Business is registered in Nashik and headquartered in Mumbai.

- We have a family-owned agricultural land of 15 acres to grow different types of food grains (5-10 varieties) required for our business. Due to this our profit margin is comparatively higher.

- Have a grocery store in Nashik where we sell all types of home needs.

- We procure other daily dome essentials from wholesalers and distributors.

- On a monthly basis, we receive 500-800 walk-in customers. The customers are wholesalers, traders, and individuals.

- Now we plan to set-up more stores across Maharashtra and give out franchises under our own brand name and distribute the same on Franchisee Model.

- Business has been operational for close to 5 years but the promoter has more than 10 years of experience.

- Looking to set up franchising operations in a year.

- Running the current business of trading only 5 food grains in Nashik.

- Now want to expand in Mumbai, Thane, and Pune where the annual turnover can be INR 3 crores or higher.

Products & Services Overview

We sell all sorts of grocery products and other supermarket requirements under our own brand name. Engaged in the wholesale trade of wheat, bajra, rice, jawar and other cereals.

Assets Overview

Assets of an existing running business are around INR 10 lakh. Main assets are store interiors, racks, tables, shelves, counters, and inventory.

However, for setting up stores in Mumbai, Thane, new assets will cost up-to 1.50 crores.

Facilities Overview

- Have a facility owned 15-acre land to grow our own food grains, groceries.

- Have a rented shop of 1,000 sq ft in a residential area of Nashik.

- Our new outlets will be of 2,000-5,000 sq ft area.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Partner, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Owner, Nashik, Financial Consultant connected with the Business
  • Earlier than 15 days
    Manager, Tourism, Dubai, Individual Investor / Buyer connected with the Business
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1 Investor viewed this Business this month.
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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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