Jewelry Store Seeking Loan in Pune, India
|Run Rate Sales||USD 5 million|
|EBITDA Margin||6 %|
|Local Time||10:04 PM India|
|Listed By||Business Owner / Director|
- We have a chain of jewelry stores with 3 showrooms located in commercial areas.
- Have served over 30,000+ satisfied customers till date.
- We hand-craft 25% of the jewelry that we sell and purchase the remaining 75% from wholesalers.
- To that extent, we have 4 - 5 Bengali karigaars handcrafting the jewelry and are tied up with 20 - 25 suppliers.
- Currently, run-rate sales have fallen significantly due to the ongoing pandemic. However, since gold demand is rising rapidly and festivals are approaching, we expect to bounce back rapidly.
- We have an average footfall of at least 30 - 40 customers per outlet on a daily basis and have also taken on a cash credit loan.
- We have 70 employees working at our retail outlets.
- Gross margin on sales is approximately 10%.
- Have engaged in paid advertising through digital marketing, hoarding and full page advertisements on local Hindi and Marathi newspapers. We have a website, Facebook page, and Instagram page for the business.
We are involved in the manufacturing and trade of gold, silver, and precious stones jewelry.
The business owns 2 retail outlets and has inventory worth INR 35 crore.
16 hours agoManagement, Financial Services, Mumbai, Corporate Investor / Buyer connected with this business
1 week agoDirector, Ahmedabad, Business Broker connected with this business
1 week, 5 days agoBusiness Consultant, Technology & Capital Solutions, Hyderabad, Corporate Investor / Buyer connected with this business