Jewelry Store Seeking Loan in Lucknow, India

- Wholesaler and retailer of gold, and diamond jewelry with three retail shops in Lucknow.

- Started business of gold bullions.

- Currently, running with an average sales of 20 lakhs / month due to the COVID-19 pandemic.

- The shops run only for 10 days a month and 4 to 5 hrs a day due to the lockdown.

- Pre COVID the business was running with an average monthly sales of INR 90 lakh / month.

- The peak sales are from March to August every year.

- Have our own pre-designed jewellery as well as custom-designed jewellery as per the client's requirements. We also cater to bulk orders from clients.

- Have around 20-25 vendors from whom we purchase diamonds who are based in Mumbai & Surat.

- The vendors offer us a credit period of 30 days from the date of the transaction.

- We also buy domestic gold and remake it as per customers' requirements.

- Customers are charged a making charge of 7% depending on the designs and the product.

- Physical assets include land, showrooms, furniture, and inventory.

- The inventory consists of gold and diamonds which is worth INR 7 crore.

Diamonds, gold jewelry, gold bullion and solitaires.

3 owned showrooms that are spread across Lucknow. The main showroom has a built-up area of 80 sq. ft. and the remaining two showrooms have an area of 300 sq. ft each.