Large Format Furniture Retail Business Raising Fund In Surat
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Product / Service
They are planning to establish large-format Retail Furniture stores in India. They have tried and tested their model in New Zealand and they now plan to open their stores in India.
They offer products in segments like:
• Office Furniture
• Home Decorations
• Kitchen Items
• Kitchens And Bathroom Items
• Flooring Items
• Paint, Cleaning Items, and Chemicals.
• Household Furniture
• Customized Furniture
• Café Furniture
• Appliances
• Lighting
• Manchester
• Curtains
• Outdoor Furniture
Their service offerings are:
• Installation Services
• Van Hire For Self Delivery
• Financial Services
• Interior Design Services
• Assembly Services At Home
• Pick up old furniture
• E-Commerce Services
• Delivery Service
• Children's Play Area
Clientele type
They will cater to B2B clients and D2C clients.
Premises
Shops will be 30,000 m2 in floor space.
Asking Price Includes
The terms of the transaction will be discussed with potential investors.
Asking Price
INR 40.00 Crore
Minimum ticket size
INR 100,000,000 (INR 10.00 Crore)
Reason
They have already procured the land, they are seeking funds/strategic partner to help them establish business in India.
Other Details
The founder is a civil engineer by trade and ended up being a hardware retailer after the recession of 1989. They bought a franchise business of a hardware chain in New Zealand. They grew that business 37 times in 19 years. They sold the business after running it for 29 years and after 10 years of research, they opened their large format furniture retail store in New Zealand. However, due to covid, they had to close their business due to lockdowns.
Their offerings:
All under one roof: Find all products from furniture & décor to flooring, paint, cleaning, Whiteware appliances, and custom, and kitchenware items all under one roof.
Visually Immersive: Customers can visualize and feel exactly how a piece of furniture might fit into their homes, enabling better decision-making.
Design Experts: Consumers may seek inspiration from our 100+ room settings and also the expertise of our in-house interior decorators on how to best design their homes.
Customized Furniture Needs: Recognising diverse homeware needs, we offer personalized furniture tailored to individual customers.
Innovation & Freshness: Bringing innovation & fresh designs to a stagnant & repetitive Homeware sector.
They initially plan to launch their megastore in Ahmedabad or Surat and then create a sales channel in cities like Hyderabad, Chennai, Coimbatore, Pune, and Bangalore.
Business Tags
₹10 to ₹200 Cr
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