Event Management Company Seeking Loan in Gauteng, South Africa

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

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
Nil
EBITDA Margin
Operating at break even
Industries
Local Time
8:24 AM South Africa
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 340 thousand for 20.0% annual interest, 5.0 years (Native Currency: ZAR 5,000,000)
Reason: To buy land and build a venue for the carnival.
Collateral Available: USD 130 thousand
Includes physical assets worth USD 6 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
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
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
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

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How can I be sure that the business profile will be active?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more