Jewelry Store Seeking Loan in Mysore, India

Firm engaged in the manufacturing and retail sale of gold, silver and diamond jewellery.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 560 thousand
EBITDA Margin
10 %
Industries
Locations
Local Time
11:13 PM Bangalore
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 660 thousand for 12.0% annual interest, 5 years (Native Currency: INR 50,000,000)
Reason: To acquire more inventory and meet working capital requirements.
Collateral Available: USD 530 thousand
Includes physical assets worth USD 200 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview

- Mysore based jewellery firm engaged in design, manufacturing and retail sale of jewellery.

- Work with gold, silver and diamond jewellery.

- We have pre-designed jewellery for retail sale as well as take up custom design and manufacture orders.

- The store is located in a prime area of the city close to the Mysore Palace.

- Primarily looking for a loan, but also open to an investment.

- The managing director has over 12 years of experience in the field.

- The other promoter who owns 50% of the business intends to exit the business due to personal reasons, a new investor can also choose to buy the exiting promoter's stake.

Products & Services Overview

- Gold, silver and diamond jewellery.

- Wrist watches.

Facilities Overview
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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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