Jewelry Store Seeking Loan in Tiruppur, India
21 year old jewelry shop that has served 5,000+ clients seeking expansion through second branch.
| Established | 20-30 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 17.6 thousand |
| Run Rate Sales | USD 21 thousand |
| EBITDA Margin | 8 % |
| Industries | Jewelry Stores |
| Locations | Tiruppur |
| Local Time | 4:04 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
234 thousand
for
15.0%
annual interest,
5
years
(Native Currency: INR 20,000,000)
Reason: To expand the business showroom we have already identified a shop and we want to stock up on new jew...
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Collateral Available: USD 0
Includes physical assets worth
USD
5.9 thousand
Interested to connect with advisors
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Business Overview
21 year old business with 1,000 regular clients with good understanding and have served 5,000+ clients through our retail shop since inception.
Owner has 35 + years of experience in gold manufacturing & retail.
Sole proprietorship with GST registration and can be changed to LLP in future.
We have 3 key suppliers from Mumbai, Chennai and Coimbatore.
Currently we are operating on an order basis and sell around 3 to 4 grams of gold per day. Our sales have declined compared to the previous year due to a lack of working capital and we are unable to purchase inventory as a result.
Owner has 35 + years of experience in gold manufacturing & retail.
Sole proprietorship with GST registration and can be changed to LLP in future.
We have 3 key suppliers from Mumbai, Chennai and Coimbatore.
Currently we are operating on an order basis and sell around 3 to 4 grams of gold per day. Our sales have declined compared to the previous year due to a lack of working capital and we are unable to purchase inventory as a result.
Products & Services Overview
The top selling products of the business are rings and chains. We also sell other items like earrings, chains, bracelets etc.We mostly sell to retail customers on an order basis.
Assets Overview
We don't have significant physical assets at the moment but we do have silver ornaments as of now and if funded we can display gold ornaments.
Facilities Overview
Located in Avinashi, it is a rental store of 200 sq. ft on the 1st floor of the building.
Capitalization Overview
The business has an INR 10 lakhs debt and 1 business owner and 1 managing director.
Recent Activity
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Earlier than 15 daysIndependent Advisor, Coimbatore, Commercial Real Estate Broker connected with the Business
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