Newly Established Furniture Store Seeking Loan in Visakhapatnam, India

- Furniture store in Visakhapatnam that has demonstrated success in a good residential area.

- The company has a small team of 3 employees, indicating a lean operational structure.

- The business primarily focuses on the sale of sofas, beds, and mattresses, with a notable emphasis on customization of furniture to meet customer requirements.

- With an average daily footfall of 4-5 visiting customers, the business caters to a diverse customer base with and products range from INR 10,000 to 2.5 lakhs, reflecting a broad market appeal.

- The company sources products from reputable brands such as Recliners India and Relaxwell, indicating a commitment to quality and customer satisfaction.

- The owner seeks investment specifically for material procurement and marketing initiatives, suggesting a clear focus on enhancing product offerings and expanding the customer base through strategic promotional activities.

- The shop also provides customization services to it's customers for the furniture they want. It has connections with some businesses that can help making those customizations.

- The business ran only for two months last year and is looking to grow even further this year.

Our best selling products include.

- Sofas.

- Beds and mattress.

Tangible assets in the business include the stock that the business is holding at the moment.

It is a rented shop, around 6,000 square feet in Madhurawada, Vishakhapatnam.

The business is owned by one person who owns 100 % of the total company. He has no loans on the business at the moment.