Retail Shops Seeking Loan in Chennai

Aiming to hit INR 120 crore of annual revenue in the next two years. Currently, we are an INR 31 crore annual turnover company. This is the right moment to scale up, and we need to do it fast. We are the exclusive distributors of an emerging electric vehicle brand for 2W electric vehicles and spares. We are distributors for both retail and wholesale customers. Our EV brand is one of the only competent and viable mid-level players in the 2W EV segment. Ather and Ola are in the premium segment and the removal of FAME subsidies has further increased their price points. Our brand and its products thus have a competitive advantage as they are patented, have good cash flow, and have all the necessary regulatory approvals. 80% of revenue comes from retail 2W EV sales and the rest is from the sale of spares. We get about 40-60 walk-in customers every day across our three showrooms in Chennai. All appointed dealers buy both vehicles and spares from us and they have a 45-day payment period. Our revenue per employee is at par with the industry standards. The high growth in revenue is due to the attractive price point of our models, especially, after Ather and Ola increased their prices. We invite others to join us and engage in an honest, transparent, and trustworthy relationship, with many more exciting ideas to be implemented in the future.

- Have sold 386 cars in a year and made the best deals in the market. - Currently, selling around 15-25 cars monthly. - We refurbish the car if any damages and then sell them to the customer. - A car is sold at an average of INR 3 lakhs higher than the price sold to us. - The user can take the car for an independent inspection before making a purchase. - Financing options like loans are available for purchasing a used car. We have tied with 20 banks that will provide loans. We also receive a commission of 3% of the loan amount from the bank. - We supply cars all over Tamil Nadu based on requirements from dealers and direct customers. - We are able to generate the provided revenue since we are able to sell a good number of cars monthly and we have a good margin. - Company is registered in Kovur which is 22 km away from Chennai.

- Start-up company in Chennai planning to start 3D laser engraved crystal gifts. - We will set-up a shop. Individual customers will directly be able to visit and place orders. - In talks with the government, private and public sector clients to generate business. - Registered on Amazon, Snapdeal, Flipkart, IndiaMART for orders. - Promoter has more than 8 years of experience in this industry. - Company owns few inventory and equipment.

- We receive 60 to 70 customers on a daily basis and a majority of them would buy at least one or two products. - Our business has 4.5 star rating on Google and 4.9 star rating on Justdial. - Our facility is located on Velachery main road which is one of the busy roads of Sivagami Nagar, Chennai. - Shop is close to apartments, parks and schools. - We procure craft materials from the local market and other branded products from wholesalers in Chennai.

- August 2017 established company selling men's garment. - Currently we own 2 retail shops. - On a daily basis we receive a footfall of 15 - 20 customers. - We have more than 20 distributors who supply us the products.