Spices Business Seeking Loan in Delhi, India
|Employees||2 - 5|
|Legal Entity||Sole Proprietorship/Sole Trader|
|Run Rate Sales||USD 40 thousand|
|EBITDA Margin||8 %|
|Local Time||8:48 PM Asia / Kolkata|
|Listed By||Business Owner / Director|
The firm is a distributor of a known spices brand in Delhi and is looking to raise funds to become their super stockist. We procure the products at a discount from the company and then supply it to retailers in Delhi. Currently supplying spices to 6+ retailers. As a distributor, we do not have a renewal term agreement with the brand.
After raising funds, we would enter into super stockist agreement with the brand on a 3 year term with renewal option. However, we would still continue to receive the goods at a discount from the brand.
Business owned assets include a laptop and furniture.
Current: Distributor of a known spices brand.
In Process: Planning to become super stockist with the same spices brand.
Rented warehouse cum office on 30 gaj.
Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business