Reputed Home Furnishing Outlet for Sale in Bhubaneshwar
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About Business
This profitable business was started in May 2016. They deal mainly in wallpaper, wooden flooring, and window blinds. This is located in the city center at one of the busiest streets in Bhubaneshwar. Due to its prime location, it catches everyone's eye. Within 1 year of starting, they have made a brand name for themselves and receive a lot of customers through word of mouth publicity. There is not much competition in this segment with only 3-4 major shops in Bhubaneshwar for these products.
The area of the premise is 350 sq.ft with a monthly rent of INR 10000. Currently, 3 people work over here. Just within a year the business has generated a decent number of repeated consumer and has tied up with more than 50 architects and interior designers to get the regular sales of its product. They have some high profile clients as well. Presently the business has limited product categories and still has been doing very well in the market. This has great scope of expansion.
The main advantage of this business is that they don't have to keep inventory since all the samples and designs are provided in more than 100 catalogs that they use. The products are only ordered post the purchase.
The revenue of the last year was INR 38 Lakhs with a net profit of more than 5-6 Lakhs. Since one of the partners has moved to the UK, the other partner is not able to devote time to this business due to his other ventures, hence is thinking of selling this off. The Asking price is INR 16 Lakhs(Negotiable)
Reason
One of the partners relocating to UK
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₹10 to ₹200 Cr
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