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Car Dealers Business Seeking Loan in Chaguanas, Trinidad and Tobago

Business specializing in the sale of used and brand new hybrid and electric cars.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 15 thousand
Run Rate Sales USD 53 thousand
EBITDA Margin 20 %
Industries Car Dealers + 1 more
Locations  Chaguanas
Local Time 1:55 AM America / Port of Spain
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 30 thousand for 10.0% annual interest, 4 years (Native Currency: TTD 200,000)
Reason: To keep car inventory in our country instead of importing as per order and to clear some business de... View More
Collateral Available: USD 1.5 thousand
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Business Name
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Business Overview

- Dealers of used and brand new cars and spare parts that has been operational for over 6 years.

- Have sold over 50 cars in the past 6 years.

- When a customer orders a vehicle we either import the vehicle for them or source it locally depending on the price.

- We import used cars from Japan and also purchase brand new cars in Trinidad and Tobago.

- We primarily focus on hybrid and electric cars.

- If we had more capital to keep an inventory of cars, we would have sold approximately 80-100 cars a year. This way the bank will be able to finance our customer.

- Our marketing is very effective that attracts genuine customers.

- Customers make the order confirmation down payment and then we purchase the car.

- Since we purchase cars on an order basis, we do not have to store that car and it will be directly delivered to the customer.

Products & Services Overview

Dealers of used vehicles, brand new vehicles and car parts.

Assets Overview

Business owns the website. We do not own any physical assets as we sell cars on a pre-order basis.

Facilities Overview

We do not have a separate office space as we run the business from the home office.

Capitalization Overview
Not Disclosed
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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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