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Women's Apparel Store Seeking Loan in Nashik, India

Women's apparel store in Nashik with a big social media following seeks growth funds.

Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 140 thousand
Run Rate Sales USD 160 thousand
EBITDA Margin 15 %
Industries Women's Apparel Stores
Locations  Nashik
Local Time 7:42 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 120 thousand for 9.0% annual interest, 5 years (Native Currency: INR 10,000,000)
Reason: The business faced a liquidity crunch due to Covid. We require funds to acquire more inventory and i... View More
Collateral Available: USD 0
Includes physical assets worth USD 200 thousand
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Business Overview

- Women's apparel retailer and wholesaler with two owned and four franchise stores in Nashik.

- Our franchisees acquire all the inventory from us. We do not charge them any additional royalty.

- We are a renowned name in Nashik and our Facebook page has 8,000+ likes.

- No outstanding bank loans or overdraft facility in the name of the business.

- The company has two shareholders with a 50% stake each.

- In the women's garment business for 40 years and the business was incorporated as a private limited company 5 years ago.

Products & Services Overview

The company sells jackets, Kurtis, dresses, tunics, short Kurtis, short tops, knitted churidars, Patiala, Patiala dupattas, pants, printed palazzos, skirts, chiffon, cotton dupattas, and suit sets. We also sell accessories such as potli bags and purses. Products are sold through physical stores.

Assets Overview

The company owns two shops in Nashik, each worth INR 85 lakh. Other physical assets include moving inventory. We have not added its value as it is moving inventory whose value keeps fluctuating.

Facilities Overview

We have two owned shops of 350 sq. ft. and 450 sq. ft. each in Nashik. We also have 4 franchise-operated and franchise-owned stores in Nashik.

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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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