Leather Goods Business Investment Opportunity in Vellore, India

- We manufacture and sell leather wallets, jackets, and bags. Our business utilizes all types of leather for instance: cow, sheep, and goat.

- Our business has 10 active clients based in Kerala. These clients are wholesalers and exporters.

- The business was not operational during the pandemic and has restarted operations now.

- The factory has a monthly production capacity of 3,000 leather wallets, 200 leather jackets, and 100 leather bags.

- The pricing range of our products is INR 100 - 1,000 for the wallets, INR 1,650 - 4,000 for the jackets, and INR 1,200 - 3,000 for the leather bags. The net margin on our products ranges from 11% - 13%.

- Prior to the pandemic, the workers used to be compensated on a piece-rate basis, however, the business supports them currently despite being non-operational. The workers receive a monthly stipend of INR 6,000.

- The business has 1 fixed supplier. This supplier is a family member of the promoter.

- We generate leads through online portals such as IndiaMART and TradeIndia. The business has an offline marketing team consisting of 3 individuals that promote their products in Kerala and Tamil Nadu.

Manufacture and sell leather wallets, jackets and bags. We utilize all types of leather for instance: cow, sheep and goat.

Business owns 4 sewing machines and other equipment like flat bed, single bed, cylinder bed, hydraulic embossing machine, hydraulic pressing machine, and skiving machine.

Business also owns some computers and AC units.

Renting a 1,500 square feet manufacturing facility. Paying a monthly rent of INR 14,000. The business has already paid a deposit of INR 2 lakh.