Food Wholesale Business Seeking Loan in Bangalore, India

- Largest importer and wholesaler of apples in South India.

- The company sources its apples directly from 20 to 30 farmers in Europe such as Poland, Italy, and Africa.

- Importing an average of 4 to 5 containers weekly, with each container valued at INR 25 lakhs.

- The company supplies its imported apples to 25 to 30 wholesalers across five states, including Kerala, Karnataka, Tamil Nadu, and Telangana, with a weekly frequency of supplies.

- There is a significant growth in annual turnovers as the business has transitioned from solely focusing on local supplies to now importing 15 to 20 containers per month, showcasing substantial growth and diversification in its business model.

- Selling price of each container is ~INR 35 lakhs.

- The company possesses essential licenses, including Import Export Code (IEC) and Food Safety and Standards Authority of India (FSSAI) license.

Apples are the top selling product.

Other fruits traded are oranges, peaches and kiwi.

Imported from farmers in Europe and Africa and supplied to wholesalers across South India.

Physical assets include office equipment, computers, laptops, vehicles etc.

Operating from a rented office in Koramangala, which is 700 sq ft. Rent is INR 18.8k per month.

Business is self-funded.

No outstanding loans or liabilities.

Sole proprietorship business.