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Jewelry Store Seeking Loan in Golaghat, India

Seeking Business Loan: Jewellery store that offers high quality accessories made from gold & silver.

Established 10-20 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 18 thousand
Run Rate Sales USD 30 thousand
EBITDA Margin 25 %
Industries Jewelry Stores
Locations  Golaghat
Local Time 2:57 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 24 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... View More
Collateral Available: USD 0
Includes physical assets worth USD 24 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Trade License
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.

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 days
    Founder, Mumbai, Financial Consultant connected with the Business
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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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