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Auto Repair and Service Company Seeking Loan in Ādaži, Latvia

Car repair garage providing auto restoration services seeks funding for cutting-edge paintshop and wheel-alignment equipment.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 157 thousand
Run Rate Sales USD 166 thousand
EBITDA Margin 20 %
Industries Auto Repair and Service
Locations  Ādaži
Local Time 5:31 AM Europe / Riga
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 46 thousand for 15.0% annual interest, 4 years (Native Currency: EUR 40,000)
Reason: Make a new paint shop with painting camera and buy wheel aligment equipment.
Collateral Available: USD 58 thousand
Includes physical assets worth USD 69 thousand
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Business Name
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Business Overview
- Established auto repair garage in Ādaži, known for its specialization in vintage and sports car restoration.
- Employs a skilled team of 4 professionals, providing personalized service to local and business clients alike.
- Handles an average of 15 repairs monthly, with an average billing of EUR 1,200 per customer, highlighting consistent revenue generation.
- Registered as an SIA with full compliance to operate legally within Latvia's automotive service regulations.
- Offers a diverse range of services, including car repair and maintenance, body repair, and high-quality paintwork.
- Current growth initiative seeks investment for advanced paintshop and wheel-alignment equipment to enhance service capability and efficiency.
- Business serves a loyal clientele consisting of local car owners and enthusiasts in the vintage and sports car markets, underscoring a niche customer base.
Products & Services Overview
Car repair and maintenance, body repair, paint.
Clients are local car owners and owners of vintage and sports cars.
Assets Overview
Parts in our warehouse, tyres, and equipment for car repair.
Facilities Overview
We have 2 buildings on rent, 480 m2, with 8 car lifts and full equipment. Pay a monthly rent of EUR 720.
Capitalization Overview
Business is funded by the sole owner, and there are no loans or liabilities.
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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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