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Gym Seeking Loan in Noida, India

Setting up a new gym in a commercial area, seeks funding for working capital.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Gyms
Locations  Noida
Local Time 9:37 PM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Loan
USD 20 thousand for 12.0% annual interest, 5 years (Native Currency: INR 1,500,000)
Reason: To meet our working capital requirement once the gym starts its operations.
Collateral Available: USD 0
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

The firm is setting up a new gym in Noida and is looking to raise funds to meet working capital requirement after the gym starts its operations. Founder is investing about INR 30-35 lakh from own capacity for buying equipment and setting up the interiors.

The gym will be in a commercial area and we have already identified a 3,500 sq ft premises. However, we are yet to enter into formal agreement with the property owner. Once the gym starts, we plan to have 10+ staff.

Founder of the firm has 15 years of experience in the fitness industry. Business does not own any physical assets at the moment.

Products & Services Overview

Our fitness center will offer personal and group training.

Facilities Overview

Have identified a 3,500 sq ft premises but are yet to enter into formal rental agreement. The place will be taken for 9 years of lease.

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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