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Newly Established Furniture Store Seeking Loan in Indore, India

Modular furniture showroom in Indore seeking debt funding to launch operations and establish in-house production.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Furniture Stores
Locations  Indore
Local Time 12:53 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 26 thousand for 8.0% annual interest, 3 years (Native Currency: INR 2,500,000)
Reason: We are seeking a loan to set up the showroom and launch the business. We would require a one-year m... View More
Collateral Available: USD 0
Interested in connecting with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Planning to launch a modular furniture showroom in Indore, Madhya Pradesh, focused on residential furniture solutions.
- The product range will include modular kitchens, modular wardrobes, beds, and side tables.
- The business plans to operate through a rented showroom and establish its own furniture production facility.
- The showroom launch is planned after securing funding, with the business currently at the pre-revenue stage.
- The business has been recently registered under MSME and is currently funded by the proprietor.
- The business currently has 2 employees and does not own any physical assets.
- The monthly revenue is currently nil, as the business has not yet been launched and is not generating any revenue.
Products & Services Overview
Modular kitchens, modular wardrobes, beds, and side tables for residential customers in Indore.
Assets Overview
We do not have any tangible assets.
Intangible assets include udyam registration certificate.
Facilities Overview
We are planning to set up a rented showroom and a rented factory in Indore.
Capitalization Overview
The business is solely owned and fully funded by the owner, with no outstanding loans or liabilities.
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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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