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Jewelry Store Seeking Loan in Bangalore, India

Business that is involved in the wholesale of gold & diamond jewellery, seeks loan.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity General Partnership
Reported Sales USD 200 thousand
Run Rate Sales USD 320 thousand
EBITDA Margin 12 %
Industries Jewelry Stores
Locations  Bangalore
Local Time 3:13 AM Asia / Kolkata
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 130 thousand for 12.0% annual interest, 10 years (Native Currency: INR 10,000,000)
Reason: Want to expand the business in this field.
Collateral Available: USD 0
Includes physical assets worth USD 4 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
Business Overview

- Our business is engaged in wholesale of jewellery in Bangalore.

- We have a product range from gold bullion, gold jewellery, silver, diamonds, to gems.

- Source the products from the broker market in Bangalore from 20+ dealers.

- We sell the products to retailers and have a strong relationship with 50+ clients.

- Our revenue has grown this year as the sales recorded last year were less due to the pandemic but now we are back on track.

- We are new to the business but have experience of 12 years in this field.

Products & Services Overview

Gold bullion, gold jewellery, silver, diamonds, and gems.

Assets Overview

Safe locker, AC, TV, weight scale, and laptop.

Facilities Overview

Office space of around 200 sq. ft. with an advance paid of INR 3 lakhs and a monthly rent of INR 15,000.

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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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