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Profitable Footwear Wholesale Company Investment Opportunity in Chittoor, India

Leather footwear company in Chittoor, exporting to top Italian brands, seeking investment for working capital.

Established 1-5 year(s)
Employees 100 - 500
Legal Entity Private Limited Company
Reported Sales USD 260 thousand
Run Rate Sales USD 90 thousand
EBITDA Margin 40 %
Industries Footwear Wholesale + 1 more
Locations  Chittoor
Local Time 12:30 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 1.6 million for 25.0% stake (Native Currency: INR 135,000,000)
Reason: Seeking investment for working capital for taking up the current export orders, expansion to domesti... View More
Includes physical assets worth USD 2.6 million
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Business Overview

- 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.

Products & Services Overview

Products include:

Shoe.

Sandals.

Bags.

Wallets.

Crocs.

Export to footwear brands in the European countries.

Assets Overview

Physical assets include own manufacturing unit, equipment and machinery.

Facilities Overview

Own 1.57 acres of facility comprising of office and manufacturing unit in GD Nellore Village, Chittoor.

Capitalization Overview

The business is self-funded.

Having an outstanding SBI loan of INR 7 Cr.

There are 2 directors/owners.

Recent Activity
  • Earlier than 15 days
    Head Of Customer Relationship, 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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