Profitable Gifting Business Seeking Loan in Belagavi, India
Company specializing in brass, copper, and German silver pooja products with majority revenue from exports.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 28.5 thousand |
| Run Rate Sales | USD 41 thousand |
| EBITDA Margin | 25 % |
| Industries | Gifting + 1 more |
| Locations | Belagavi |
| Local Time | 8:58 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
34 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 3,000,000)
Reason: We are seeking funding to acquire more inventory and expand our reach to other foreign countries lik...
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Collateral Available: USD 0
Includes physical assets worth
USD
47 thousand
Name, Phone, Email
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Business Name
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Business Overview
- The business specializes in selling brass, copper, and German silver pooja products through various e-commerce platforms.
- Manufacturing is outsourced to 3 third- party manufacturers within India currently.
- The best-selling products of the business are pooja idols, catering to a niche market segment.
- Primary sales channels for the business include listings on e-commerce platforms such as Jiomart Flipkart, Amazon, and Meesho.
- Within India, the focus is mainly to cater to South Indian customers.
- While there is no physical retail store, the business does have some repeat clients who visit the office.
- The business has been exporting its products to the US for the past 2 years and has recently expanded its export operations to the UK this year.
- Currently, around 60% of the business's revenue is generated through exports, indicating a growing international market presence.
- The business is seeking funds to increase its inventory and to expand its operations to European, Australian, and Singaporean markets, demonstrating a strategic growth plan.
- Manufacturing is outsourced to 3 third- party manufacturers within India currently.
- The best-selling products of the business are pooja idols, catering to a niche market segment.
- Primary sales channels for the business include listings on e-commerce platforms such as Jiomart Flipkart, Amazon, and Meesho.
- Within India, the focus is mainly to cater to South Indian customers.
- While there is no physical retail store, the business does have some repeat clients who visit the office.
- The business has been exporting its products to the US for the past 2 years and has recently expanded its export operations to the UK this year.
- Currently, around 60% of the business's revenue is generated through exports, indicating a growing international market presence.
- The business is seeking funds to increase its inventory and to expand its operations to European, Australian, and Singaporean markets, demonstrating a strategic growth plan.
Products & Services Overview
- The business's top-selling products are pooja idols made of brass, copper, and German silver, catering primarily to a niche market segment of South Indian customers and international buyers.- Customers include local Indians as well as Indians settled abroad in UK and US who use these idols for religious and spiritual practices.
Assets Overview
The key tangible assets include the owned office facility value at around INR 30-40 lakh and inventory ranging between INR 5-8 lakh.
Facilities Overview
We have an owned office facility in Belgaum, Karnataka with an area of around 700- 800 sq ft.
Capitalization Overview
The business is run by a sole proprietor with no loans or liability under the company.
Recent Activity
-
Earlier than 15 daysDirector, Bengaluru, Financial Consultant connected with the Business
Tags:
Profitable Import / Export Business Seeking Loan in Belagavi, India
·Lend to Profitable Import / Export Business in Belagavi, India
·Profitable Gifting Business Seeking Loan in Belagavi, India
·Profitable Import / Export Business Seeking Loan in Belgaum
·Lend to Profitable Gifting Business in Belagavi, India
·Lend to Profitable Import / Export Business in Belgaum
·Profitable Gifting Business Seeking Loan in Belgaum
·Profitable Import / Export Business Seeking Loan
·Lend to Profitable Gifting Business in Belgaum
·Lend to Profitable Import / Export Business
·Profitable Gifting Business Seeking Loan
·Lend to Profitable Gifting Business
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