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Ambulance Business Seeking Loan in Mumbai, India

Ambulance provider with a 13 vehicle fleet suffering from cashflow bottlenecks needs funding for promotions.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 60 thousand
Run Rate Sales USD 65 thousand
EBITDA Margin 10 %
Industries Ambulance
Locations  Mumbai
Local Time 2:25 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 18 thousand for 5.0% annual interest, 4 years (Native Currency: INR 1,500,000)
Reason: - Business is in the midst of repaying loans, corporate clients delay payments. - Although we have ... View More
Collateral Available: USD 0
Includes physical assets worth USD 180 thousand
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Business Name
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Business Overview

- Ambulance service company based in Mumbai.

- Emergency services are provided all across Mumbai and offer outstation services as well.

- We employ doctors that help in critical care and rescue situations.

- Tie-ups with corporates like JP Morgan and hospitals like Karuna Hospital.

- Use our website and referrals to attract clients.

- We charge the patients and give a certain commission to the hospitals who refer us.

- Corporate clients have a credit payment option.

- Business had taken a bank loan for the vehicles, the remaining loan amount is INR 60 lakh.

- Single owner of the business.

- The business has a healthy turnover but suffering from a liquidity crunch due to loan repayments and delays in payments by corporate clients.

Products & Services Overview

24*7 ambulance services throughout Mumbai, outstation services, rescue for accidents, ambulances for movie and television shoots.

Assets Overview

The business owns 13 ambulances. The fleet includes Tata Winger, Force Traveller, and Maruti Eeco.

All of them have a combined value of INR 1.5 crore.

Facilities Overview

We operate from a rented office, the ambulances are parked here as well.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Managing Director, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Independent Advisor, Hyderabad, Financial Consultant connected with the Business
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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