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Jewelry Store Investment Opportunity in Thammampatti, India

Traditional gold & silver ornaments retailer from 1945 that receives 50+ customers daily.
This Business is on a Premium Plan
Established 70-80 year(s)
Employees 10 - 50
Legal Entity Other
Reported Sales USD 3 - 4 million
Run Rate Sales USD 3.8 million
EBITDA Margin 4 %
Industries Jewelry Stores
Locations  Thammampatti
Local Time 11:41 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 12 million for 49.0% stake (Native Currency: INR 1,000,000,000)
Reason: Expansion of showroom in Thammampatty and Thuraiyur locations. Funds are required to procure stock a... View More
Includes physical assets worth USD 20 million
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Business Overview

- Established fourth-generation family business.

- Symbolizes tradition and trust with quality branding label.

- Coverage of more than 30km of surroundings with 20,000+ customers.

- Turnover increased by 100% in the past decade.

- Products & services include mangalsutra, chains, bangles, haram, necklace, earrings, rings, bracelets, and silver chains.

- We have a total of 25 in-house employees, 10 in sales, 3-4 in accounting, 2 for cash collection, rest for security and maintenance work.

- Apart from the above, we also have 15 jewelry designers working with us and manufacturer our products in-house.

- We receive 50-70 walk-in customers daily.

Products & Services Overview

Our products include mangalsutra, chains, bangles, haram, necklace, earrings, rings, bracelets, and silver chains.

Assets Overview

Physical assets include two buildings owned by us with a combined area of 25,000 sq ft, the value of stock and inventory including all gold and silver jewelry, trays, lockers, computers, laptops, cash counting machines, weighing scales, packing materials, cloth bags, purses, and boxes.

Facilities Overview

We have our own premises for the showroom.

At present, the showroom is running at a 500s q. ft area.

Three floors (8,400 sq. ft area) of the newly built showroom are ready in the Thammampatty location.

Also, we extended our new branch in Thuraiyur (35 km away from the current showroom) with four floors of around 15,000 sq. ft area.

We planned to open those two showrooms in the next financial year. The land and building are owned by us.

Capitalization Overview

The company comes under HUF (Hindu Undivided Family) and personal funds are utilized in the shop. The company has one owner with a 100% stake.

We have INR 5 crore of CC in KVB.

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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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