Gym Seeking Loan in Chennai, India
Popular fitness brand located at a prime location in Chennai is looking for loan.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 5 - 10 |
| Legal Entity | General Partnership |
| Reported Sales | USD 40 - 50 thousand |
| Run Rate Sales | USD 70 thousand |
| EBITDA Margin | 10 - 20 % |
| Industries | Gyms |
| Locations | Chennai |
| Local Time | 8:19 AM Asia / Kolkata |
| Listed By | Management Member |
| Status | Active |
Seeking Loan
USD
47 thousand
for
15.0%
annual interest,
7
years
(Native Currency: INR 4,000,000)
Reason: To expand the business and to settle the current partners.
Collateral Available: USD 0
Includes physical assets worth
USD
58 thousand
Interested to connect with advisors
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Business Name
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Documents
Our USP
(75.1 KB)
Business Overview
- We are a popular fitness brand in the field for 4+ years.
- Studio is in a prime area and is surrounded by apartments and villas.
- We currently have 850 members and have a database of more than 3,000 potential members.
- We provide tech-based functional workouts, Zumba classes, strength training with equipment, and group workouts.
- The studio is well maintained and we are open from morning till night.
- Have 1-month, 3 months, 6 months & 12 months subscription plans.
- We have a dedicated app, which will track the client's progress, and workouts are given to the client through the app.
- We have a total of 10 employees & 1 admin.
- We are looking for a loan to expand the business to another floor in the same building.
- Studio is in a prime area and is surrounded by apartments and villas.
- We currently have 850 members and have a database of more than 3,000 potential members.
- We provide tech-based functional workouts, Zumba classes, strength training with equipment, and group workouts.
- The studio is well maintained and we are open from morning till night.
- Have 1-month, 3 months, 6 months & 12 months subscription plans.
- We have a dedicated app, which will track the client's progress, and workouts are given to the client through the app.
- We have a total of 10 employees & 1 admin.
- We are looking for a loan to expand the business to another floor in the same building.
Products & Services Overview
We offer tech-based functional workouts, group classes, Zumba, and strength training with dedicated equipment.
Assets Overview
Treadmill and other gym equipment.ACs.
Computers.
TVs.
CCTVs.
Facilities Overview
Space of 3,600 square feet, located on the second floor, with an elevator, and planning to expand to the 3rd floor to have a dedicated space for group classes.
Capitalization Overview
Currently, we have 4 partners and all partners are invested in the business. 3 partners have a shareholding of 30% each & the 4th partner holds a 10% shareholding.
Recent Activity
-
Earlier than 15 daysSoftware Engineer, IT, Perungalathur, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysManager, IT Services, Chennai, Individual Investor / Buyer connected with the Business
Tags:
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