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Event Management Business Seeking Loan in Erode, India

Event management company based in Erode with more than 20 years of experience seeks loan.

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 5:18 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 120 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 120 thousand
Includes physical assets worth USD 120 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Tax Invoice
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.

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
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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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