Jewelry Retail Biz Raising Funds In Mau Near Varanasi
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About Business
The company is a well-established jewelry retailer, operating since 2020 in Mau, near Varanasi, specializing in gold and silver jewelry. It serves both offline and online customers, with a strong presence in its home city through multiple branches. The brand is recognized locally and has built a loyal customer base over the years.
Operations & Presence
The business currently operates two physical stores: one owned premise of 500 sq. ft. and one rented premise of 400 sq. ft. While offline sales remain the core revenue driver, online sales have recently been launched through the company’s own website, expanding reach and accessibility.
Market Opportunity
The city has a large customer base for gold and silver jewelry, but limited competition in terms of price competitiveness. Most local jewelers charge 12-18% making charges, whereas the company plans to offer a flat 5% making charge by leveraging bulk procurement. This pricing strategy is expected to attract significant footfall and capture a substantial market share, ensuring high profitability from the outset.
Clientele type
The primary clientele consists of retail customers purchasing jewelry for personal use.
Premises
LEASED
Lease per month (in INR): 3.50 K
Security Deposit (in INR): 4.00 L
Carpet Area: 900 sq ft
The company currently operates two stores, with one on a rented premise and the other on owned property.
Asking Price Includes
The specific terms of the transaction will be finalized in discussion with the potential investor.
Asking Price
INR 1.00 Cr
Minimum ticket size
INR 1.00 Cr
Reason
The investment will be used to purchase gold and silver, enabling the company to offer the most competitive prices in Mau, a city with minimal competition, a large customer base, and significant growth potential.
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₹10 to ₹200 Cr
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