Newly Established Jewelry Store for Sale in Bangalore, India

Check List/milestones:

• Business name availability check: Completed.

• Business incorporation: Completed.

• Opening of corporate bank accounts in various banks in the United States: Completed.

• Application for business license and permit: Completed.

• Generating part of the start–up capital from the founders: Completed.

• Drafting of employee’s handbook: Completed.

• Design of logo for the business: Completed.

• Graphic designs and printing of packaging marketing/promotional materials: Completed.

• Drafting of contract documents: In progress.

• Recruitment of employees: In progress.

• Application and obtaining taxpayer’s ID: In progress.

• Purchase of the needed furniture, office equipment, software applications, electronic appliances, and facility facelift: In progress.

• Creating an official website for the business: In progress.

• Creating awareness for the business: In progress.

• Health and safety and fire safety arrangements: In progress.

• Establishing business relationships with vendors and key players in various industries: In progress.

Competitive advantage: Our competitive advantage lies in our ability to provide quality customized jewellery, jewellery repairing, resizing, and polishing services at affordable prices. Our products are crafted in accordance with the latest trends and the highest quality standards.

Growth potential: We have identified a potential jewellery market in Bangalore and in the neighbouring states of Karnataka. We have also identified an untapped market of customers who are looking for customised jewellery. We believe that our jewellery store will be able to tap into this market as well.

1. Jewellery products: Our main jewellery products that will be designed as well as manufactured by us include rings, necklaces, earrings, anklets, bracelets, lockets, and pendants.

2. Jewellery sets: This category includes jewellery sets designed and manufactured by us. A jewellery set includes similarly designed rings, necklaces, earrings, and bracelets.

3. Customised jewellery: We will also make customised jewellery in accordance with the design requirements of our customers. The customers can either provide us with their desired designs or can tell us their requirements through any channel.

4. Jewellery repairing, resizing & polishing: We will also provide repairing, resizing and polishing services to our customers. These services are aimed at those people who receive jewellery as gifts but the sizes don’t match quite exactly and they have to resize them as per their size requirements. Similarly, jewellery owners also need to regularly polish their jewellery products for a better look. These services are not aimed to directly generate revenue, instead, we aim to promote our products by providing these services to the jewellery owners.

Our jewellery products will be made from silver, & gold. Platinum will only be used in customised products at the request of customers. Customers will also be able to order our products online via our official website.

Retail spaces: Spanning the first and second floors, equipped with display cases, lighting, signage, and furniture.

Office space: Situated on the third floor, inclusive of office furniture such as desks, chairs, and filing cabinets, and equipped with necessary technology such as computers, printers, and telephones.

Strong room: Located on the third floor, outfitted with high-security measures including strong room door, locks, CCTV systems, alarm systems, and safes. The strong room setup alone was INR 25 lakh.

Fourth-floor space: Partially developed with completed flooring and toilets, offering the potential for future utilization.

Building infrastructure: Comprising the physical structure, including integral systems like electrical wiring, plumbing, and HVAC system.

Lighting and electrical fixtures: Integral for product display, enhancing the appeal of products.

Decor and furnishings: Art pieces, decor, and additional furnishings contribute to the store's ambiance.

Point of sale systems: Hardware for handling transactions, such as cash registers, credit card machines, and barcode scanners.

Security systems: Comprehensive security measures, including surveillance cameras, security mirrors, door, and window alarms.

Inventory management systems: Physical systems for tracking inventory, such as tagging systems, and barcode readers.

Signage: External and internal signs for branding and customer navigation.

Facade worth INR 10 lakh.

The complete CAPEX for the showroom was INR 1.5 crore. Due to unforeseen circumstances, the entire business and its assets are being sold at a 50% discount for INR 75 lakh.

The showroom is currently designed to be located on Margosa Road next to 8th Cross which is the primary place for shopping. The showroom is being installed between well-known retail shops with a focus on attracting all types of customers.

The building has 4 floors with 2 floors - the ground and 1st being the retail space, 3rd floor being the office with a strong room, and 4th floor being the goldsmith work area.

Approx area of each floor of the building according to the plan – 39.2 * 18 feet = 705.6 sq. feet.

The showroom is in the northwest neighbourhood of Malleshwaram.

Self-funded business, sole proprietor owned with no partners. The building advance and the interiors have been paid for. No liabilities.