Supermarket Raising Funds For Expansion In Chennai
Product / Service
It is a locally established supermarket in Chennai. The grocery store sells all grocery items like dairy products, vegetables, fruits, etc. to fit all budgets. It is a one-stop destination for anyone to get all their food items at one place for their household.
Clientele type
Local residents of Chennai.
Premises
LEASED
Lease per month (in INR): 40,000
Security Deposit (in INR): 500,000
Carpet Area: 1,600 sq ft
It is located in the middle of town, making it easily accessible to all local residents of Chennai.
Asking Price Includes
The price incudes store infrastructure and inventory.
Reason
In order to increase the sales, they want to buy more inventory. So they are raising funds to meet the working capital requirement and expansion.
Other Details
Employee details:
2 directors, 1 purchase manager, 1 purchase executive, 1 sales manager, 1 sales executive, and 2 stock managers. The sales has grown at 25% month on month since they opened the store.
Business Tags
₹10 to ₹200 Cr
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