Newly Established Men's Apparel Store Seeking Loan in Gurgaon, India

- Men's apparel brand with 2 stores in Gurugram and Delhi.

- The business manufactures 35% of its products in-house, with the remaining sourced from 20-25 suppliers.

- The in-house production capacity is 5 suits and 15 products overall per day.

- The primary products and services offered by the business include suits, kurta pyjamas, Sherwanis, Indo-western wear, and footwear.

- The average order value for the business is Rs 15,000, and we experience a daily average footfall of 15-20 customers across our retail stores.

- Currently, we exclusively sell the products through our retail stores and are looking to expand the distribution channels through an online presence.

We specialize in the sale of men's ethnic wear.

Our top sellers are suits and kurta pyjama.

We also sell sherwani, indo western wear, and footwear.

Inventory makes up most of the tangible assets and is currently valued at Rs 2.5 crores.

Other tangible assets include:

Interiors.

Software.

Displays.

IT systems.

Mannequins.

We have rented 2 stores of approximately 2,000 sq ft in Gurgaon with a combined rent of Rs 5.11 Lakhs along with a 3-month deposit.

We have a 200 sq ft manufacturing area within our store to produce our own products.

The stores are located in prime areas with one being a well-known shopping mall in Gurgaon and the other in Kamala Nagar Market, Delhi.

Currently self-funded by 3 owners and no loans. Generating approx Rs 3 cr revenue.

3 directors with 50%, 40%, and 10% split.