Profitable Eye Glasses Manufacturing Business Seeking Loan in Anand, India

Optical store business seeking funds to open more outlets and start optical lens manufacturing facility.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 25 thousand
Run Rate Sales USD 25 thousand
EBITDA Margin 39 %
Industries Optical Stores + 1 more
Locations  Anand
Local Time 1:03 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2.7 million for 20.0% annual interest, 5 years (Native Currency: INR 200,000,000)
Reason: Seeking funds to open more outlets & boost existing online business. Also, to start manufacturing of... View More
Collateral Available: USD 20 thousand
Includes physical assets worth USD 34 thousand
Interested to connect with advisors
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Business Overview

- Optical retail store business in Anand operating for 6 years.

- We sell frames, optical glasses, contact lenses, sunglasses and also provide computerized eye checkup services.

- On a daily basis, we receive 5-8 customers at our store.

- We also sell through our own website but as of now, almost all the revenue is from store walk-ins.

- We have strong relationships with leading manufacturers who supply the latest designs to us regularly.

- Staff has more than 15 years of combined experience in this industry.

- Planning to start our own factory to produce optical frames out of recycled plastics and lenses.

- At present only one company in India manufactures the blank for lenses and we intend to venture into this niche market by setting up our own blank manufacturing unit.

- Have already shortlisted the properties to set-up the facility, have gathered details of the machinery, raw materials and manufacturing process. We will finalize it post the investment.

- Promoter has more than 10 years of experience in this industry.

- Business owns interiors, product inventory, website.

Products & Services Overview

Selling Frames, Optical Glasses, Contact Lenses, Sunglasses through a retail outlet. Also, provide computerized eye checkup services.

Facilities Overview

- Rented retail outlet of around 500 sq ft in Anand.

- Will open more outlets and will start our own manufacturing of frames and optical glasses. Have already shortlisted the properties to set-up the facility, have gathered details of the machinery, raw materials and manufacturing process. We will finalize it post the investment.

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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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