Event Management Business Seeking Loan in Erode, India
Event management company based in Erode with more than 20 years of experience seeks loan.
This transaction has concluded.
| Established | 20-30 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 80 - 90 thousand |
| Run Rate Sales | USD 70 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Event Management |
| Locations | Erode |
| Local Time | 12:14 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
117 thousand
for
10.0%
annual interest,
4
years
(Native Currency: INR 10,000,000)
Reason: We are seeking a loan to upgrade the business equipment and also start our own catering facility. It...
View More
Collateral Available: USD 117 thousand
Includes physical assets worth
USD
117 thousand
Interested to connect with advisors
Documents
Tax Invoice
(48.0 KB)
Business Overview
- We are an event management firm based in Erode, mostly catering to wedding events.
- Our good connections, professional ethics, and consistency in delivering on promises have led to the completion of 1,000 events so far.
- We have a 25% growth rate every year in terms of revenue. This year is an exception due to Covid-19 restrictions. We saw a slight fall in revenue due to these restrictions.
- While our operations are focused on event planning and execution, we outsource food caterers if asked by the clients.
- We have good relations with 4 wedding halls and carry out our operations in these 4 halls.
- The reason why we stand out from our competitors is that we own all the materials required to set up which is worth around INR 1 crore. Most of the event planners hire these assets on rent.
- We also have 3 warehouses which are owned by the promoter's father. This gives us a competitive edge.
- Our good connections, professional ethics, and consistency in delivering on promises have led to the completion of 1,000 events so far.
- We have a 25% growth rate every year in terms of revenue. This year is an exception due to Covid-19 restrictions. We saw a slight fall in revenue due to these restrictions.
- While our operations are focused on event planning and execution, we outsource food caterers if asked by the clients.
- We have good relations with 4 wedding halls and carry out our operations in these 4 halls.
- The reason why we stand out from our competitors is that we own all the materials required to set up which is worth around INR 1 crore. Most of the event planners hire these assets on rent.
- We also have 3 warehouses which are owned by the promoter's father. This gives us a competitive edge.
Products & Services Overview
Event planning and execution, stage setups, decoration, and overall wedding arrangements.
Assets Overview
We own all the materials needed for event arrangements including decoration materials, portable stage, shed, lighting, audio equipment and generators.
Facilities Overview
We use 3 warehouses of around 10,000 square feet which are owned by promoter's father.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysExecutive Assistant, Hospitality, Mumbai, Individual Investor / Buyer connected with the Business
Tags:
Event Management Business Seeking Loan in Erode, India
·Lend to Event Management Business in Erode, India
·Event Business Seeking Loan in Erode, India
·Event Management Business Seeking Loan
·Lend to Event Business in Erode, India
·Lend to Event Management Business
·Event Business Seeking Loan
·Lend to Event 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.
