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Hospital Seeking Loan in Varanasi, India

Business that aims at opening a modern super speciality hospital in Varanasi seeks funds.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 200 thousand
Run Rate Sales USD 230 thousand
EBITDA Margin 12 %
Industries Hospitals
Locations  Varanasi
Local Time 11:01 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3 million for 9.0% annual interest, 15 years (Native Currency: INR 250,000,000)
Reason: Funds are required to further develop the hospital.
Collateral Available: USD 3 million
Includes physical assets worth USD 3 million
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- We are looking at opening a modern super speciality hospital in Varanasi.

- Our company is already running a well-equipped hospital but as of now, we are seeking a loan for our new project. Sales mentioned in this profile are of our existing hospital.

- The land has already been purchased and it covers an area of 43,000 sq. ft.

- We plan on setting up a hospital with 50 beds initially covering an area of 20,000 sq. ft. and further extending it to a 100 bedded hospital.

- This project has a loan of INR 2 crore and is a family-run business with 4 owners.

- The promoters are doctors in urology, gynaecology and orthopaedic surgeon along with a charted accountant.

- We plan on setting up the hospital with a pharmacy, ICU, OT and doctor cabins.

Products & Services Overview

Planning for a multi speciality hospital in Varanasi with urology, gynaecology, orthopaedic, and pharmacy.

Assets Overview

43,000 sq. ft. land is included in physical assets.

Facilities Overview

43,000 sq. ft. land located in the heart of the city. The land is owned by the business.

Capitalization Overview

Self-funded by shareholders.

Loan outstanding - INR 1.33 crore.

6 shareholders, 4 with 20% each and 2 with 10% each (4,060,000@INR 10/-)

Recent Activity
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3 Investors contacted this Business this month.
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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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