Gadget Resale Business Raising Funds In Mumbai
Email
Phone
Google
LinkedIn
Facebook
Product / Service
The business offers services like:
Pre-owned smartphones
Laptops
Tablets
Smart Gadgets
Device evaluation
Doorstep pickup
Instant payment
Data security
Refurbishment
Clientele type
The business serves a diverse clientele, including:
Individual Sellers: People looking to sell their used electronic devices.
Dealers and Retailers: Businesses that buy pre-owned devices in bulk for resale.
Consumers: Individuals looking to purchase quality-checked pre-owned devices at affordable prices.
Premises
LEASED
Lease per month (in INR): 35,000
Security Deposit (in INR): 250,000
Carpet Area: 400 sq ft
Asking Price Includes
Investment Option 1: Guaranteed Exit with Fixed Returns
Investment: 1 crore rupees
Returns:
Fixed monthly return of 1.5 lakhs for 2 years (36 lakhs total)
25 lakh bonus payout at the end of the 2-year period
Total ROI: 61 lakhs
Interest: Not explicitly mentioned, but the fixed monthly returns imply a built-in interest component.
Exit Strategy: Guaranteed exit after 2 years with the fixed returns and bonus payout.
Investment Option 2: High-Growth Potential with Profit Sharing and Principal Return
Investment: 1 crore rupees
Stake Offered: Not explicitly stated, but investors receive a 30% share of the profits, suggesting an equity stake or profit-sharing agreement.
Returns:
30% share of the profits, capped at 5 lakhs per month.
Expected minimum earnings of 1.5 lakhs per month based on historical data.
Return of Principal: After 2 years, your initial investment of 1 crore rupees will be returned.
Interest: Not applicable, as returns are based on profit sharing.
Exit Strategy:
After two years, investors receive their principal investment back in addition to the profit sharing.
Key Differences:
Option 1: Offers a secure and predictable return with a guaranteed exit timeline.
Option 2: Offers higher potential returns tied to business's growth, with more flexible exit options after the initial lock-in period.
The choice between these options depends on the investor's risk tolerance, investment goals, and desired level of involvement in business's growth.
Reason
Seeking funding to facilitate the expansion of the business into new cities and to increase its inventory.
Other Details
Team & Management:
Led by Mohammed Saad Shaikh, with over 10 years of experience in the industry.
Business Strengths:
30,000+ device pickups, 550 average monthly pickups, 4.9-star Google rating.
Future Scope:
Expanding to 20 new cities and achieving 1 crore in monthly profit.
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
