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The electrical brand operates from Bhiwandi, Mumbai and has a well established presence in East India. The brand was launched 3 years back and currently has 10 employees. Proven concept. The business can be scaled up to PAN India level with better financial backup. The business has developed supplier base, brand equity and customer base. The company has a rented warehouse and an owned plot bought to start manufacturing. Excellent distribution channel. Products sold in 300-400 retail outlets, has around 20-25 distributors. Revenue of last 4 months is INR 50 Lacs. Asking Price for the business is INR 1 Crore. Ready to sell the factory plot too, if the buyer is interested.
Reason
Shortage of Funds to maintain the supply and distribution. Huge Demand. Works on volume basis. Promoter wishes to relocate abroad.
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