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Mobile Shop Seeking Loan in Allahabad, India

Mobile retail shop in Allahabad with a national distributorship of an entry-level smartphone brand.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 12 thousand
Run Rate Sales USD 30 thousand
EBITDA Margin 10 %
Industries Mobile Shops
Locations  Allahabad
Local Time 1:27 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 12 thousand for 10.0% annual interest, 2 years (Native Currency: INR 1,000,000)
Reason: Expand the business by purchasing more stock and for distribution and marketing.
Collateral Available: USD 0
Includes physical assets worth USD 6 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Mobile phone and accessories shop located in Allahabad.

- Receives 3-4 daily walk-ins and sales can be improved with investment in stock.

- We deal with products of all brands and have recently taken up a nationwide distributorship for an entry-level smartphone brand in China.

- All our employees are on a contract basis and we have 3-4 staff for the retail unit and 8-10 staff for the distribution.

- The office is registered in Delhi, and our operations are based out of Allahabad.

Products & Services Overview

Mobile phones.

Button phone.

Smart watch.

Phone accessories.

Assets Overview

INR 5 lakh is the value of the stock.

Facilities Overview

Rented 200 sq ft facility for the retail store.

Have promoter-owned property of 12,000 sqft on the ground floor and first floor for our warehouse and back office process.

Capitalization Overview

Personally funded with near about INR 10 lakhs and no outstanding loans.

The company has two directors with ownership of a fifty percent stake each.

Recent Activity
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
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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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