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Profitable Footwear Business Seeking Loan in Dehradun, India

Slipper manufacturing company with a vision to create India's most affordable brand is seeking loan.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 13 thousand
Run Rate Sales USD 14 thousand
EBITDA Margin 30 %
Industries Apparel and Accessories + 1 more
Locations  Dehradun
Local Time 9:51 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 10 thousand for 14.0% annual interest, 5 years (Native Currency: INR 800,000)
Reason: Funds are required for market expansion, and will be used for buying new machines, and establishing ... View More
Collateral Available: USD 6 thousand
Includes physical assets worth USD 6 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Our business is engaged in the manufacturing of slippers for women, men and children.

- We also have tied up with a 3rd party for the manufacturing of women's, men and kid's casual clothing items. The third-party factory for the same is located in Haridwar.

- Procure the raw material for slippers from a foam industry in Delhi.

- On average, we have a production capacity of 3,000 to 4,000 slipper pairs per month.

- Currently, we are selling all our products in the local markets of Dehradun.

- Company has an outstanding loan of INR 7 lakh and is run by a sole owner.

- We are jumping into a competitive but dreadful market and looking to change the process of product delivery and wholesale patterns in India to make our own space in the industry.

Products & Services Overview

Currently manufacturing slippers as well as selling casual clothing items for women, men, and children.

Assets Overview

Machine used for manufacturing slippers, interiors of the facility, tools and equipment.

Facilities Overview

15x27 sq. ft. area used for manufacturing slippers. The facility is on rent and we pay a monthly rent of INR 15,000.

Capitalization Overview
Not Disclosed
Recent Activity
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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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