Jewelry Store Seeking Loan in Davangere, India
Well-established jewelry store in Davangere, specializing in gold and silver ornaments seeking-funds for new-outlet.
| Established | 10-20 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 92 thousand |
| Run Rate Sales | USD 346 thousand |
| EBITDA Margin | 8 % |
| Industries | Jewelry Stores |
| Locations | Davangere |
| Local Time | 7:16 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
115 thousand
for
15.0%
annual interest,
5
years
(Native Currency: INR 10,000,000)
Reason: The owner is seeking a business loan to be able to open a new outlet in Davangere.
Collateral Available: USD 460 thousand
Includes physical assets worth
USD
144 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
GST Certificate
(767.9 KB)
Business Overview
- The business operates in the jewelry stores industry and is located in Davangere, Karnataka.
- The business specializes in selling gold and silver ornaments, with a focus on manufacturing gold ornaments.
- With an average of 20 customers per day, the business is expecting a significant increase in foot traffic to approximately 100 customers daily in the new outlet. There has been a drastic jump in the sales due to the recent increase in demand for gold. The business was seeing a higher number of clients than usual.
- The business operates with a lean team of just 2 employees, with the owner directly involved in the manufacturing process of the ornaments on orders. This highlights a hands-on approach to operations and a streamlined workforce.
- The business deals in high-ticket sizes, catering to customers looking for high-value jewelry purchases.
- As a direct manufacturer, the business currently holds orders worth INR 60 lakhs, reflecting a strong demand for its products.
- The business is registered under MSME and holds a GST registration. Additionally, it possesses a trade license, showcasing compliance with necessary regulations and licenses for operations.
- The business specializes in selling gold and silver ornaments, with a focus on manufacturing gold ornaments.
- With an average of 20 customers per day, the business is expecting a significant increase in foot traffic to approximately 100 customers daily in the new outlet. There has been a drastic jump in the sales due to the recent increase in demand for gold. The business was seeing a higher number of clients than usual.
- The business operates with a lean team of just 2 employees, with the owner directly involved in the manufacturing process of the ornaments on orders. This highlights a hands-on approach to operations and a streamlined workforce.
- The business deals in high-ticket sizes, catering to customers looking for high-value jewelry purchases.
- As a direct manufacturer, the business currently holds orders worth INR 60 lakhs, reflecting a strong demand for its products.
- The business is registered under MSME and holds a GST registration. Additionally, it possesses a trade license, showcasing compliance with necessary regulations and licenses for operations.
Products & Services Overview
The business mostly sells sold and silver jewelry. The customers can either come to the store and then buy the available designs or place orders for personal designs.
Assets Overview
Physical assets owned by the business are:- Gold ornaments stock worth INR 80 lakh.
- Silver ornaments stock worth INR 20 lakhs.
- Gemstones worth INR 2.5 lakhs.
- Interiors set-up worth INR 10 lakhs.
The owner is ready to provide the land papers for collateral. The land is worth INR 4 crore.
Facilities Overview
The business operates a 3 storeyed rental property in Davangere.
Capitalization Overview
The business has a single owner holding 100% of the shares, and it is fully self-funded.The business does not have any loans and is debt free.
Recent Activity
-
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
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