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Event Management Company Seeking Loan in Gauteng, South Africa

Company planning to launch a world wide carnival in South Africa.

Established 5-10 year(s)
Employees < 2
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Event Management
Locations  Gauteng
Local Time 7:54 AM Africa / Johannesburg
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 260 thousand for 20.0% annual interest, 5 years (Native Currency: ZAR 5,000,000)
Reason: To buy land and build a venue for the carnival.
Collateral Available: USD 100 thousand
Includes physical assets worth USD 4.7 thousand
Documents
Business document
Business Overview

- We are an event management company focused on managing a world carnival event in South Africa.

- The carnival would be a 16 day event to be organised every year in the month of September.

- The event would showcase cultures of various countries of the world through parades and concerts in one place.

- Organizing of the event requires the company to buy a 300 hectare land. Have already started the negotiations with the owner of the land.

- The land would accommodate hotels, amusement park, stages and walkways for the carnival.

- All permissions have been taken from the South African government for organizing the event.

- The marketing of the event has already been started via social media, full-phased marketing would be outsourced to media houses and TV channels.

- The revenue would be generated from the entry fees, accommodation charges and other fees for various entertainment stalls.

- Promoter has vivid experience in various fields and has been working in the entertainment industry for over 5 years.

Products & Services Overview

- Cultural Carnival. Entertainment & Amusement.

Facilities Overview

- 540 Sq Ft. of office space on lease.

Capitalization Overview
Not Disclosed
Recent Activity
  • Earlier than 15 days
    Business Consultant, Cape Town, Business Broker connected with the Business
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