Coaching Center Seeking Loan in Belagavi, India
Coaching institute dedicated towards JEE & NEET exam preparation is seeking business loan.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 8.9 thousand |
| Run Rate Sales | USD 13.3 thousand |
| EBITDA Margin | 30 % |
| Industries | Coaching Centers |
| Locations | Belagavi |
| Local Time | 11:14 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
4.45 thousand
for
15.0%
annual interest,
2
years
(Native Currency: INR 400,000)
Reason: Require loan to build an online infrastructure for delivery of classes which is disrupted by the pan...
View More
Collateral Available: USD 0
Includes physical assets worth
USD
7.8 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
The business creates proprietary study materials for coaching its students to ace JEE and NEET exams. The business conducts two batches for each preparation cycle with varying sizes at one office. The preparation cycle for each batch of JEE and NEET exams preparation is about 8 months long with 7 hours of classes every day. The business does not collect the fee from each student in one go. The business creates 4-5 instalments that students pay at fixed intervals of their respective preparation cycles. The average batch size of students varies from 37 to 150 students depending on the coaching centre. The business currently has 32+ students for JEE and NEET preparation for next year cycle. The revenue of the business fell previous year due to the inability to deliver physical classes and lack of interest of students towards online classes. However, the business has increased its revenue this year due to increased demand of online classes. The business requires this investment to build an online infrastructure to conduct classes, to enrol students of different grades and bring back the business to normalcy. The business is receiving enquiries from students of different states for JEE and NEET coaching leading to an increased demand to match with.
Products & Services Overview
1. ISC and CBSE coaching for 8th, 9th and 10th grade students for physics, chemistry, maths and biology.2. JEE and NEET foundation coaching for 8th, 9th and 10th grade students.
3. JEE and NEET coaching for 11th & 12th grade students.
Assets Overview
Proprietary study materials, books in our libraries, tables, chairs, white boards.
Facilities Overview
The business has two facilities in Belagavi, Karnataka. Both facilities are rented and well furnished. One facility is a big hall made across 1,300 sq. ft. with the capacity to seat 200+ students. Other facility is expanded across 1,400 sq. ft. with 3 classrooms each having a capacity to seat 42 students along with 1 office and a library.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysCEO, Chennai, Financial Consultant connected with the Business
-
Earlier than 15 daysSenior Branch Manager, The SVC Bank Ltd, Mumbai, Bank connected with the Business
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
2 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 63,000+ other businesses of all sizes.
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.
You might also be interested in these businesses