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Jewelry Stores Seeking Loan in Pune

Showing 1 - 1 of 1 Jewelry Stores Seeking Loan in Pune. Lend to a Jewelry Store or a Jewellery Shop.

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Jewelry Store Seeking Loan in Pune, India

Well-established chain of 3 jewelry stores with 30,000+ satisfied customers is seeking a loan.
- We have a chain of jewelry stores with 3 showrooms located in commercial areas. - Have served over 30,000+ satisfied customers till date. - We hand-craft 25% of the jewelry that we sell and purchase the remaining 75% from wholesalers. - To that extent, we have 4 - 5 Bengali karigaars handcrafting the jewelry and are tied up with 20 - 25 suppliers. - Currently, run-rate sales have fallen significantly due to the ongoing pandemic. However, since gold demand is rising rapidly and festivals are approaching, we expect to bounce back rapidly. - We have an average footfall of at least 30 - 40 customers per outlet on a daily basis and have also taken on a cash credit loan. - We have 70 employees working at our retail outlets. - Gross margin on sales is approximately 10%. - Have engaged in paid advertising through digital marketing, hoarding and full page advertisements on local Hindi and Marathi newspapers. We have a website, Facebook page, and Instagram page for the business.
Well-established chain of 3 jewelry stores with 30,000+ satisfied customers is seeking a loan.
7.4   Pune
Run Rate Sales
USD 4.3 million
EBITDA Margin
6 %
Business Loan
USD 1.2 Mn at 12%
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