Jewelry Store Seeking Loan in Golaghat, India
Seeking Business Loan: Jewellery store that offers high quality accessories made from gold & silver.
| Established | 20-30 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 17.5 thousand |
| Run Rate Sales | USD 28 thousand |
| EBITDA Margin | 25 % |
| Industries | Jewelry Stores |
| Locations | Golaghat |
| Local Time | 7:55 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
23.4 thousand
for
12.0%
annual interest,
2
years
(Native Currency: INR 2,000,000)
Reason: The proceeds from the business loan will be used for:
- Funding working capital requirements.
- Pu...
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Collateral Available: USD 0
Includes physical assets worth
USD
23.4 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Trade License
(123.0 KB)
Business Overview
- Our business is essentially a jewellery store that sells multiple accessories with timeless designs using gold & silver.
- We purchase raw materials from Gujarat & Assam. The jewellery is made by our in-house designers at our facility.
- We receive about 10 to 12 walk-ins every day at our retail outlet. However, the actual purchase orders received every month varies between 7 to 10. Retail sales are the only source of revenue for our company.
- Prior to the onset of the pandemic, our business was generating INR 2.5 lakh on an average every month. The revenue has plummeted in the past two years. However, we are on track to regain our pre-pandemic performance.
- Currently, we are dealing only in gold & silver based jewellery. However, we will soon be expanding to diamond-based jewellery as well.
- The business has one single owner who has 100 percent ownership. There are no outside investors or shareholders.
- Our company is entirely debt-free with no outstanding business loans, defaults, or overdue.
- We purchase raw materials from Gujarat & Assam. The jewellery is made by our in-house designers at our facility.
- We receive about 10 to 12 walk-ins every day at our retail outlet. However, the actual purchase orders received every month varies between 7 to 10. Retail sales are the only source of revenue for our company.
- Prior to the onset of the pandemic, our business was generating INR 2.5 lakh on an average every month. The revenue has plummeted in the past two years. However, we are on track to regain our pre-pandemic performance.
- Currently, we are dealing only in gold & silver based jewellery. However, we will soon be expanding to diamond-based jewellery as well.
- The business has one single owner who has 100 percent ownership. There are no outside investors or shareholders.
- Our company is entirely debt-free with no outstanding business loans, defaults, or overdue.
Products & Services Overview
We sell multiple accessories & ornaments made from gold & silver such as:- Earrings.
- Bracelet.
- Necklace.
- Nose rings.
Assets Overview
Physical assets include:- Inventory of finished products & raw materials.
- Interior fittings & furniture of the store.
- Necessary equipment & machinery to make the jewellery.
Facilities Overview
- The business runs operations from the owner's personal property with a size of 1,500 sq. ft. The premise is used as a retail location & office space. The facility is not a part of the company's physical assets.- The business has another facility which is rented and has a size of 500 sq. ft. The facility is used as a workshop for making jewellery using raw materials.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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