↩ Go Back
Need help?

Gym Seeking Loan in Pune, India

Firm conducts Zumba and group fitness sessions at gyms seeks funding to develop app.
This transaction has concluded.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 18 thousand
Run Rate Sales USD 20 thousand
EBITDA Margin 20 - 30 %
Industries Gyms + 1 more
Locations  Pune
Local Time 11:00 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 24 thousand for 12.0% annual interest, 10 years (Native Currency: INR 2,000,000)
Reason: Funds will be used to build an Android and iOS app to streamline our operations.
Collateral Available: USD 24 thousand
Interested to connect with advisors
Documents
Business Overview

Firm conducts Zumba and group fitness sessions at corporate offices and gyms in Pune. We do not have any physical presence rather we conduct fitness sessions at client's facility. We currently have 2 corporates and 8 gyms as our client. Some of our clients are Stanley Black & Decker, MultiFit Gym, Fitness Craze.

After receiving client's request, our instructor visits client's place to conduct the fitness classes. Have 10 international certified fitness instructors in our network with each having 4 years of experience. We hire these instructors are on a part time basis and pay them per session.

Since inception, we have conducted 1,500 sessions. At present, we conduct approx 5 sessions per day. We do not have an office as all our 4 permanent employees work remotely to manage the day to day operations.

Our firm was nominated as an innovative startup by India 5000. Business does not own any physical assets as all our operations are managed online.

Seeking funds to build an Android and iOS mobile app to streamline our operations and booking process. We currently manage the operations & bookings through phone calls and emails. Our app will help the client to book daily session and will also notify our instructors.

Products & Services Overview

Conducts Zumba, group fitness and Bollywood dance sessions at client's place.

Assets Overview

Zumba instructor international music Artists entrepreneurs etc.

Facilities Overview

Firm is registered in Pune but we do not have an office as all our employees work remotely.

Capitalization Overview
Not Disclosed
Recent Activity
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.
This transaction has concluded. View similar business opportunities on SMERGERS
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.

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 active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more