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 Odisha

Seeking Investment: Company offers a broad spectrum of musical instruments and accessories to its customers.

Key Business Facts
Yearly Sales USD 120 thousand
EBIDTA Margin 17 %
Industries Musical Instruments
Locations  Odisha
Business Overview
- Our business offers a variety of musical instruments & accessories to our clients. Customers can choose among 35 different instruments from over 50 different brands.
- The business generates 90 percent of the total revenue through our retail store. We receive over 15 walk-ins daily.
- Our company has over 35 government schools and 8 private schools as our clients who purchase all their musical instruments from us. There is no explicit contract with either of them, but they provide us with recurring business.
- We also sell our products on Flipkart & Amazon. We receive about 30 orders a month from both of them. This stream of revenue contributes to the remaining 10 percent of the total revenue.
- The revenue plummeted this year due to the effect of the pandemic on the market. However, we are on track to surpass our pre-pandemic performance.
Products & Services Overview
Our business offers a broad spectrum of musical instruments & accessories such as:
- Acoustic & electric guitars.
- Keyboards.
- Violins.
- Drums.
- Dholak and tabla.
- Harmonium and ukulele.
Assets Overview
Physical assets include: - Inventory of musical instruments worth INR 45 lakh. - Interior fittings & furniture. - Company owned vehicles. - Computers & printers.
Partial Stake Sale
USD 33 thousand for 20.0% stake (Native Currency: INR 3,000,000)
Reason: The proceeds from the investment will be utilised for expanding our business by: - Launching our ow... View More
Includes physical assets worth USD 61 thousand
Interested to connect with advisors
In talks with 2 Investors
Contact Business or Enquire on WhatsApp