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Laundry Business Seeking Loan in Shillong, India

Bulk laundry business seeks to buy additional machinery to service more hotels and guest house clients.
This transaction has concluded.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 20 thousand
Run Rate Sales USD 24 thousand
EBITDA Margin 20 - 30 %
Industries Laundry Business
Locations  Shillong
Local Time 10:12 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 24 thousand for 15.0% annual interest, 5 years (Native Currency: INR 2,000,000)
Reason: Need to increase plant size and purchase new machinery.
Collateral Available: USD 18 thousand
Includes physical assets worth USD 7 thousand
Interested to connect with advisors
Documents
Msme Registration
Business Overview

- A laundry business where we pick, wash, dry, iron and deliver the clothes.

- Have 5 clients as of now.

- Mostly we deal with hotels, resorts and guesthouses.

- We do door-to-door marketing through a personal presentations to the clients.

- There are 7 more guest houses and hotels who would want our services but we cannot commit since we need more funds to buy machinery and develop more space for the plant.

- The capacity of the machine is 250 Kilos per day and we are looking to increase it by 500 Kilos per day.

Products & Services Overview

Laundry services.

Facilities Overview

The plant is around 300 Sq. Ft on floor. The land is owned by the business.

Capitalization Overview
Not Disclosed
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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.

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