Jewelry Store Seeking Loan in Pune, India

Well-established chain of 3 jewelry stores with 30,000+ satisfied customers is seeking a loan.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 5 million
EBITDA Margin 6 %
Industries Jewelry Stores
Locations  Pune
Local Time 10:04 PM India
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 1.3 million for 12.0% annual interest, 10 years (Native Currency: INR 100,000,000)
Reason: The business wants to expand operations by opening new outlets. We are also open to a partnership af... View More
Collateral Available: USD 0
Includes physical assets worth USD 5.5 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- 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.

Products & Services Overview

We are involved in the manufacturing and trade of gold, silver, and precious stones jewelry.

Assets Overview

The business owns 2 retail outlets and has inventory worth INR 35 crore.

Facilities Overview
Recent Activity
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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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