Jewelry Store Seeking Loan in Varanasi, India
Jewellery retail chain seeking strategic investment to expand across tier-2 cities with 20 new stores.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 800 - 900 thousand |
| Run Rate Sales | USD 1.05 million |
| EBITDA Margin | 6 % |
| Industries | Jewelry Stores |
| Locations | Varanasi |
| Local Time | 11:14 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
350 thousand
for
13.0%
annual interest,
6
years
(Native Currency: INR 30,000,000)
Reason: We are seeking funding for business expansion, including launching stores in tier-2 cities and purch...
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Collateral Available: USD 470 thousand
Includes physical assets worth
USD
700 thousand
Interested to connect with advisors
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Documents
Our Store
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Business Overview
- The business operates in the prime jewellery market with 2 retail stores in Varanasi, which is known for its rich cultural heritage and affinity towards luxurious ornaments.
- Catering to diverse customer preferences, the company offers an extensive range of gold, diamond, and silver products, positioning itself as a comprehensive jewellery retailer.
- With a dedicated team of 25 employees, the establishment ensures personalised services, enhancing customer experience and satisfaction in the jewellery sector.
- Consistently attracting a footfall of 10 to 15 customers per store daily, the business demonstrates stable interest and engagement from its target market.
- The company boasts a robust customer base of 5,000, reflecting trust and loyalty in the competitive jewellery industry.
- Impressive conversion rates of 50 to 60% highlight the effectiveness of sales strategies and customer engagement tactics.
- Fully compliant with industry regulations, the business holds necessary MSME certification, along with gold and silver ornament licenses, and complies with GST requirements, ensuring a reliable operational framework.
- Catering to diverse customer preferences, the company offers an extensive range of gold, diamond, and silver products, positioning itself as a comprehensive jewellery retailer.
- With a dedicated team of 25 employees, the establishment ensures personalised services, enhancing customer experience and satisfaction in the jewellery sector.
- Consistently attracting a footfall of 10 to 15 customers per store daily, the business demonstrates stable interest and engagement from its target market.
- The company boasts a robust customer base of 5,000, reflecting trust and loyalty in the competitive jewellery industry.
- Impressive conversion rates of 50 to 60% highlight the effectiveness of sales strategies and customer engagement tactics.
- Fully compliant with industry regulations, the business holds necessary MSME certification, along with gold and silver ornament licenses, and complies with GST requirements, ensuring a reliable operational framework.
Products & Services Overview
The business specialises in gold ornaments, along with a strong portfolio of diamond and silver products, catering to diverse customer preferences.
Assets Overview
Tangible assets:- Gold and diamonds (5–10 kgs): INR 5 crores.
- Owned retail store: INR 1 crore.
These assets are crucial for our operations, and we cannot liquidate them.
Facilities Overview
The business is registered in Varanasi and operates from two retail stores in the city — one owned and one rented.Our head office is located in Pune (rented facility).
Capitalization Overview
Has a CC limit of INR 2 crore.2 directors with equal shares.
Recent Activity
-
2 days, 6 hours agoManaging Partner, Motors & Generators, Karnataka, Individual Investor / Buyer connected with the Business
-
5 days, 7 hours agoFounder And Strategist, Project Fund Architect, Mumbai, Individual Investor / Buyer connected with the Business
-
1 week, 2 days agoManaging Director, Bhopal, Financial Consultant connected with the Business
Tags:
Jewellery Shop Seeking Loan in Varanasi, India
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·Lend to Jewelry Store in Banaras
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·Jewelry Store Seeking Loan
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·Lend to Jewelry Store
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