Jute & Coir Business for Sale in Bengaluru, India
For Sale: Pioneers in jute and handmade crafts in India with 10 exclusive retail stores.
Premium Plan
| Established | 20-30 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 480 thousand |
| Run Rate Sales | USD 530 thousand |
| EBITDA Margin | 25 % |
| Industries | Specialty Retailers + 1 more |
| Locations | Bengaluru |
| Local Time | 4:55 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Full Sale
Asking Price:
USD
1.16 million
(Native Currency: INR 100,000,000)
Reason: The owner has other priorities in life and would like to pursue them after selling the profitable bu...
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Includes physical assets worth
USD
580 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Business Overview
- We design & manufacture jute products for our own brand which generates 40% of the revenue and the balance 60% of revenue is generated by the sale of Indian handicrafts.
- 80% of our sales are from our offline stores, 20% through Amazon & our own website.
- On average, we receive 250-300 walk-in customers per day across all 10 stores.
- Apart from 4 company-owned stores, we have 5 active franchised stores in Bangalore, Pune & Coimbatore.
- Our sales dropped by 50% during Covid but in the last FY, we achieved pre Covid sales level.
- The promoters have more than 30 years of experience in the jute industry.
- Selected as one of the 150 best shops in India by ELLE magazine.
- Nominated for CNBC TV18 Emerging India Business Awards.
- The brand is scalable to many cities pan India in malls & standalone stores.
- 80% of our sales are from our offline stores, 20% through Amazon & our own website.
- On average, we receive 250-300 walk-in customers per day across all 10 stores.
- Apart from 4 company-owned stores, we have 5 active franchised stores in Bangalore, Pune & Coimbatore.
- Our sales dropped by 50% during Covid but in the last FY, we achieved pre Covid sales level.
- The promoters have more than 30 years of experience in the jute industry.
- Selected as one of the 150 best shops in India by ELLE magazine.
- Nominated for CNBC TV18 Emerging India Business Awards.
- The brand is scalable to many cities pan India in malls & standalone stores.
Products & Services Overview
- Manufacturers, wholesalers, & retailers of premium quality jute products like shopping bags, lunch bags, bottle bags, designer handbags, sling bags, files, folders, purses, and wallets.- We retail ethnic terra & metal jewellery, earthen pottery, ceramics, jute, wood, palm leaf, dhokra, copper, and metal crafts made by rural Indian artisans using natural inputs.
Assets Overview
Physical assets:- Inventory worth INR 2 crore, and trade receivables.
- Store fixtures and interiors of the stores are INR 20-30 lakh for each store (4 stores)
- Plant and machinery are worth INR 30 lakh.
- Office and warehouse equipment is worth INR 15 lakh.
Intangible assets.
- 2 registered trademarks, brand name, customer & vendor database, and domain name.
Facilities Overview
- Total retail space of 4 company-owned stores and 1 centralized warehouse cum office is approximately 5,000 sq. ft. built up area. All the stores and the warehouse are rented.- Total manufacturing space is 3,500 sq. ft. in the heart of the city. This space is rented.
- All the retail stores are rented in reputed malls and premium high street shopping areas of Bangalore.
Capitalization Overview
The business is bootstrapped and funded by owner's capital. The business has 1 owner with 100% stake in the company. The business is 100% debt free.
Recent Activity
-
Earlier than 15 daysDirector, Ahmedabad, Merchant Bank connected with the Business
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Earlier than 15 daysOwner, Business Consultancy, Bengaluru, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysFounder & CEO, Chennai, M&A Advisor connected with the Business
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