Profitable Furniture Business Seeking Loan in Naugarh, India
Business transitioning from furniture sales to manufacturing, seeks funding for procurement of machinery.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 14 thousand |
| Run Rate Sales | USD 14 thousand |
| EBITDA Margin | 40 % |
| Industries | Furniture |
| Locations | Naugarh |
| Local Time | 1:14 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
11.6 thousand
for
10.0%
annual interest,
5
years
(Native Currency: INR 1,000,000)
Reason: Seeking funding to procure machinery to expand the business to furniture manufacturing.
Collateral Available: USD 0
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Business Name
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Business Overview
- Business focused on furniture sales is planning on transitioning to furniture manufacturing to capture greater market control and profitability.
- Currently the business receives orders through calls enquiries and products are procured directly from manufacturers on order.
- The manufacturing facility will be set up in Siddharth Nagar, UP by renting out a facility, thereby promising logistical advantages for distributing products throughout Uttar Pradesh.
- The machinery for the manufacturing process is planned to be sourced from Gujarat, indicating a commitment to quality and robust production capabilities.
- With the setup of the manufacturing unit, direct sales channels will shift from simple order fulfillment from other manufacturers to in-house production, allowing for improved margins and product customization.
- The distribution strategy targets both distributors and retailers in UP, broadening market reach and establishing a solid supply chain network.
- Currently the business receives orders through calls enquiries and products are procured directly from manufacturers on order.
- The manufacturing facility will be set up in Siddharth Nagar, UP by renting out a facility, thereby promising logistical advantages for distributing products throughout Uttar Pradesh.
- The machinery for the manufacturing process is planned to be sourced from Gujarat, indicating a commitment to quality and robust production capabilities.
- With the setup of the manufacturing unit, direct sales channels will shift from simple order fulfillment from other manufacturers to in-house production, allowing for improved margins and product customization.
- The distribution strategy targets both distributors and retailers in UP, broadening market reach and establishing a solid supply chain network.
Products & Services Overview
The business currently offers furniture sales by procuring products directly from manufacturers upon customer orders, catering to both individual customers and retailers. Primary selling products are TV units, beds, cupboards, kitchen trolleys and cabinets.By transitioning to furniture manufacturing, the company will expand its offerings to include in-house production, allowing for greater control over product quality, customization, and improved profit margins. This shift will serve both distributors and retailers across Uttar Pradesh, enhancing the business's market reach and supply chain efficiency.
Assets Overview
The business doesn't have any physical assets of significant value, stock is procured on orders.
Facilities Overview
No dedicated physical facility as the business doesn't keep any product stocks.
Capitalization Overview
Self-funded.No outstanding loans.
Sole proprietorship business.
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