Need help?

Tools and Housewares Company Seeking Loan in Wilmington, USA

ECommerce platform providing fireplaces and grills with 8+ supplier relationships seeks funds for marketing needs.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 11.7 thousand
Run Rate Sales USD 14 thousand
EBITDA Margin 30 %
Industries Tools and Housewares + 1 more
Locations  Wilmington
Local Time 10:30 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 11.7 thousand for 8.0% annual interest, 3 years (Native Currency: INR 1,000,000)
Reason: Marketing and scaling operations.
Collateral Available: USD 5.8 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
EIN Certificate
Website
Business Overview
- Our commitment to high-quality products has fostered a loyal and devoted customer base that values reliability and excellence.
- Achieving 100% organic sales through our platform reflects our dedication to growth through trust and customer satisfaction.
- Partnered with over seven key distributors/manufacturers in a dropshipping model, ensuring a seamless supply chain and efficient product availability.
- Our supplier network includes eight India-based partners, enhancing our flexibility and reach in fulfilling customer needs.
- We have made significant sales even in the initial phase and proudly hold four positive reviews on Trustpilot.
- Registered as an official business in Wyoming, USA, complete with an EIN certificate and a US-based customer service phone number.
- Established both business checking and savings accounts in the US, ensuring smooth and secure transactions for our customers.
- Successfully fulfilled 20 orders in the past year, demonstrating our operational capacity and commitment to timely service.
- The promoter brings over two years of relevant experience, ensuring knowledgeable guidance and strategic business decisions.
- All operations are managed remotely from India, with the owner also based out of India and leveraging digital solutions to maintain efficiency and consistency in all aspects of the business.
- The number of employees we have is aligned with the requirements for scaling our operations.
Products & Services Overview
- Specialize in a diverse range of products, including fireplaces (our bestseller), grills, heaters, and an assortment of associated accessories.
- Our client base is primarily USA-based, focusing on quality service and local support.
Assets Overview
We do not have any tangible assets.
Our website is our intangible asset.
Facilities Overview
Do dont have any physical business facility or area.
Capitalization Overview
The business is solely owned with 100% ownership. It has been managed using personal savings thus far, and there is currently $620 in credit capital available on Shopify, which serves as the backend platform for operations.
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor contacted this Business this month. Register below to connect now!
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.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more