Smartphone Resale Busisness Raising Funds In Mumbai
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Phone
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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): 35.00 K
Security Deposit (in INR): 2.50 L
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.
Asking Price
INR 1.00 Cr
Minimum ticket size
INR 20.00 L
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.
Keywords
Business Tags
₹10 to ₹200 Cr
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- Sales, profitability, and cash flow of the business should be considered
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- Amount of additional investment that will be required to grow business
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- Will the clients continue with the business after the acquisition?
