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Men's Apparel Store Seeking Loan in Imphal, India

An apparel store in Imphal, India, with 10,000+ customers, seeks a loan.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 28 thousand
Run Rate Sales USD 30 thousand
EBITDA Margin 30 %
Industries Men's Apparel Stores
Locations  Imphal
Local Time 4:11 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 12 thousand for 14.0% annual interest, 5 years (Native Currency: INR 1,000,000)
Reason: Need to boost the business and expand it with the ever increasing clients we couldn’t supply the dem... View More
Collateral Available: USD 5 thousand
Includes physical assets worth USD 1 thousand
Interested to connect with advisors
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Business Name
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Business Overview

1. Apparel store located in Imphal, India, with 5 employees.

2. Offers a range of cheap branded original shoes, clothing, and accessories from overseas such as Thailand and Cambodia.

3. Promotes products through online platforms such as Instagram and WhatsApp.

4. 10,000+ customers nationwide with a net sales of 23.5 Lakhs in one year alone.

5. Products are very competitively priced, ranging from INR 2,000-3,000 rupees for thrifted items and up to INR 10,000 rupees for brand-new items.

6. Demand for the products is high and running out of stock due to lack of capital investment.

7. Employ an effective promotional tool on Instagram to reach customers.

8. 5 employees whose roles are sales, and delivery.

Products & Services Overview

The best-selling products are shoes, clothing, and accessories.

Assets Overview

Furnitures, Computers, Printers, Scooters, Tables, Chairs, Racks.

Facilities Overview

The store is located at the heart of Manipur which is Imphal, Sagolband Moirang Leirak 600 square feet, and it the leased for 10 years with a deposit of INR 1Lac and monthly rent of INR 7k.

Capitalization Overview

The business is mainly own-funded and has taken a small loan of INR 2L from a bank.

It is a sole proprietorship.

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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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