Jewelry Store Seeking Loan in Pune, India
Well-established chain of 3 jewelry stores with 30,000+ satisfied customers is seeking a loan.
Premium Plan
| Established | 50-60 year(s) |
| Employees | 50 - 100 |
| Legal Entity | General Partnership |
| Reported Sales | USD 7 - 8 million |
| Run Rate Sales | USD 4.25 million |
| EBITDA Margin | 6 % |
| Industries | Jewelry Stores |
| Locations | Pune |
| Local Time | 5:05 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
1.18 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...
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Collateral Available: USD 0
Includes physical assets worth
USD
4.8 million
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.
- 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
We have 3 showrooms with an area of 500, 600, and 800 square feet respectively. The 500 and 600 square feet outlets are owned while the 800 square feet facility is rented. We pay a rent of INR 70,000/monthly.We also have a back-office on rent with an area of 1,000 square feet and pay INR 26,000/monthly.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Ahmedabad, Merchant Bank connected with the Business
-
Earlier than 15 daysManaging Partner, Pune, M&A Advisor connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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