Newly Established Furniture Store Seeking Loan in Visakhapatnam, India
Established | 0-1 year(s) |
Employees | 2 - 5 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | USD 22 thousand |
Run Rate Sales | USD 130 thousand |
EBITDA Margin | 20 % |
Industries | Furniture Stores |
Locations | Visakhapatnam |
Local Time | 3:10 PM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- 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.
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2 weeks agoMD, Wood Trading, Visakhapatnam, Individual Investor / Buyer connected with the Business