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Mobile Shop Seeking Loan in Ghaziabad, India

Mobile phone retail chain with 4 retail stores, seeks funds to expand in retail and eCommerce.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 2 million
EBITDA Margin 4 %
Industries Mobile Shops
Locations  Ghaziabad
Local Time 3:03 PM India
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 700 thousand for 10.0% annual interest, 5 years (Native Currency: INR 50,000,000)
Reason: To set up 5-10 new stores in Delhi NCR region and to expand and market our eCommerce site.
Collateral Available: USD 160 thousand
Includes physical assets worth USD 160 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- We are a mobile phone retail chain in Ghaziabad operating since 2009.

- We deal with mobile phones, laptops, and accessories of major brands like Samsung, Vivo, Oppo, Mi, Realme, OnePlus, and Motorola.

- Have 7-8 local suppliers from whom we source the products.

- Sell our products through 4 retail stores in Ghaziabad and our own eCommerce site.

- Retail stores are located across prime commercial/residential areas in the city.

- Receive 35-40 customers daily for each shop.

- Have sold to more than 25,000 customers since inception.

- Our eCommerce store was started recently and we made INR 1.5 lakh sales in the last two months.

- Demand for mobile phones and laptops has increased due to the pandemic and our sales have grown as a result. We are taking orders through phone calls and WhatsApp and delivering smartphones at the customer's doorstep.

Products & Services Overview

Mobile phones, mobile accessories, laptops, printers.

Assets Overview
Facilities Overview
Recent Activity
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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.
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