Car Dealers Company Seeking Loan in Kannur, India

- Authorized car dealer of a reputed car brand.

- The business is involved in direct sales of the new car, used cars sales, car servicing/maintenance, car body repairs, spare parts, and accessories sales.

- The cars and spare parts are directly procured from the brand.

- The used cars are bought from individuals, also offer an exchange to used car sellers.

- One flagship dealership in Kannur with around 9 outlets of sales and services spread out across two districts, located in commercial and prominent areas with excellent walk-ins.

- Sells around 250 new cars, 50-60 used cars on a monthly basis.

- Average price of the car ranges from INR 3 lakh to INR 14 lakh.

- Receive 2,000+ service and body shop orders on a monthly basis.

- Most of the revenue comes from the sale of new cars.

- Have monthly sales of INR 35 - 40 lakh from spare parts and INR 35 lakh from service and body shop.

- Have around 200 employees total working in the dealership.

- Promoters have 22 years of experience in the industry.

- The advisory firm is located in Dubai but the business is located in Kerala.

Involved in the sales of all the models of a reputed car brand. Sell both new and used vehicles. Also, provide car servicing and accidental repairs too. Additionally, provide car finance, insurance, and other allied business services too.

Asset includes land & buildings, equipment, plant & machinery, furniture & fixtures, demo and company vehicles, and inventory.

Have a total of 9 sales outlets and workshops with.

A ground area of 84,000 sq. feet and a built-up area of 3,400 sq. feet. The car showroom has a ground area of 44,000 sq. feet. Also, have one car stockyard with a total area of 40,000 sq feet owned by the company while a few showroom/service centers /outlets taken on long term leased basis. Around 3-4 outlets are owned by the business, while the rest are either on rent or on a lease. Our total rent expense is around INR 10 lakh.