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Gift Shop for Sale in Chennai, India

A Chennai based company in indigenous jewellery & accessories looking for a buyout.
- The world market for Fashion Jewellery & Accessories is around $16.3 billion. - Globally, India is the second largest manufacturer of Fashion Jewellery after China with 8.3% world share with market size of $2.4 billion growing at a high CAGR. - A Chennai based brand, Founded by journalist in 2002. - Gives a global platform for ancient Indian jewellery and crafts made by rural artisans. - The company has presence across Tamil Nadu, Kerala & Karnataka. - It initially began as a Furniture & Crafts shop. - It promotes the skills and talents of Indian Rural Artisans. - It creates a social impact by supporting Self Help Groups to showcase their creations under a brand label. - There are a wide range of products ranging from Jewellery ( Earrings, Bangles, Necklace, Anklets, etc, Bags, Crafts, Gift articles, etc. - The products are sourced from various suppliers throughout the country in order to maintain the uniqueness of the designs. - The business followed a Store-in-Store ( SIS ) model initially and gradually shifted its presence to retail outlets. - Today the business has 7 stores across Tamil Nadu, Kerala & Karnataka. - The company actively engages on PR activities by publishing articles in leading. Newspapers and magazines such as The Hindu, Times of India, Deccan Chronicle, The Indian Express, Femina Magazine and many more. - There are about 35,000 loyal customers including few film stars and celebrity customers. - The company have achieved a turnover of close to INR 3 Crores in FY 2015-16.
8.0   Chennai
Run Rate Sales
USD 430 thousand
EBITDA Margin
Undisclosed
Full Sale
USD 1 million
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