Antiques Business Seeking Loan in New Delhi, India

- Engaged in the retail sale of antique and vintage replica products.

- Offer a wide range of antique and vintage replica products for both indoor and outdoor use.

- The products are in great demand for use as gifts and for decorative purposes inside homes, gardens and office spaces.

- Sell around 50 units each month through both our offline and online stores.

- Around 60% of our revenue comes from our own e-commerce portal with the remaining coming from our online stores on Flipkart and Amazon.

- For e-commerce delivery, we have partnered with a local courier service provider who can deliver products across India.

- The antique replica products are sourced from a 3rd party manufacturer from Uttarakhand.

- In addition to the sale of these replica products, the business in the past used to offer coaching programs for MBBS, IIT-JEE tests, and 10th and 12th standard exams.

- However, the business has halted these operations since March this year due to the COVID-19 pandemic.

- Prior to halting our coaching programs, the business served 200 students and charged an average of INR 5,000 per month as fees.

- The replica retail business was started in February and now is the only source of revenue for the business.

Retail sale of antique and vintage replica products including vintage rotary dial phones, vintage kerosene fans, decorative ship lamps, vintage brass watches & clocks, brass compasses, telescopes, sand hourglasses, magnifying glass, porthole mirror, and gramophone players.

Leased office cum store space of 1,185 sq. ft. The covered area is 1,180 sq. ft. The facility is located in a business centre in Okhla, New Delhi. We also lease out a similar sized space in the same building that used to serve as the classroom.