Profitable Footwear Wholesale Company Investment Opportunity in Chittoor, India

- Leather footwear manufacturing company, based in Chittoor.
- Currently, our business is mostly in exports to European countries such as Italy, Portugal and France.
- We are selling our products to 2 top footwear brands in Italy.
- Receive orders for about 20k to 30k pairs, twice a year.
- Till last year, we were able to actively work on the orders, but this year due to the outstanding loans and inadequate working capital, we couldn't take up any of the orders. Our sales have declined as a result.
- Planning to expand the business to the domestic market, and take up Government tenders from schools.
- The owners have almost 20 years of experience in the leather footwear industry, starting from scratch, which started with accessories for leather cutting to a full unit of shoe manufacturers, we are running the unit on our name only.
- The business has 150 permanent employees at present, who are admin staff and factory workers. We had to let go of a few employees this year, considering the current financial situation of the business.
- The business has MCA, GST registration, and import-export code.
- MCA registration is for the Ranipet, Vellore branch. But the GST registration is in Chittoor and the investment sought is for the Chittoor branch. All the financials and assets mentioned are for the Chittoor branch and the investor will get a share in only this branch.