Established Chain of 7 Supermarkets in Mumbai looking for an Equity Partner
Business Details
Superstores are running successfully since 8 months. Have seven stores in Mumbai and surroundings. 2 stores are located at prime location of Mumbai each of 15,000 and 1200 sq.ft. , 2 stores are located at Sangli each of 2200 sq ft. and 4000 sq. ft. one at vita which is of 5300 sq. ft., another store located at kupwad which is 5000 sq. ft and one store at Raipur which is of 15000 sq. ft. Owner has vast experience of 23 years in FMCG and had worked with well known brand like Future Group, HUL and D Mart etc. Management team consists of professional from similar industry. There are total 200 plus employees working and Store attracts 100 plus customers daily. Overall revenue of all the seven stores comes to Rs. 3.5 Cr. to Rs. 4 Cr pm. Gross profit margin is approx. 15% with no Loans. It’s a ready to run a business with well setup stores in Mumbai and surrounding. Owner wants to raise Rs. 3 Cr. Working capital fund in return of 30% equity share. There is huge scope of further expansion into other cities too.
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