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 million |
| EBITDA Margin | 6 % |
| Industries | Jewelry Stores |
| Locations | Varanasi |
| Local Time | 8:01 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
340 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...
View More
Collateral Available: USD 450 thousand
Includes physical assets worth
USD
680 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Our Store
(46.1 KB)
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
-
Earlier than 15 daysDirector, Wires Manufacturers, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Partner, Motors & Generators, Karnataka, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder And Principal Strategist, Mumbai, M&A Advisor connected with the Business
Tags:
Jewellery Shop Seeking Loan in Varanasi, India
·Jewelry Store Seeking Loan in Varanasi, India
·Lend to Jewellery Shop in Varanasi, India
·Lend to Jewelry Store in Varanasi, India
·Jewellery Shop Seeking Loan in Banaras
·Jewelry Store Seeking Loan in Banaras
·Lend to Jewellery Shop in Banaras
·Lend to Jewelry Store in Banaras
·Jewellery Shop Seeking Loan
·Jewelry Store Seeking Loan
·Lend to Jewellery Shop
·Lend to Jewelry Store
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
5 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,500+ other businesses of all sizes.
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.
You might also be interested in these businesses