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Newly Established Auto Repair and Service Business Seeking Loan in Mangalore, India

Mangalore based business looking to set up an automotive service center for cars and trucks.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Auto Repair and Service
Locations  Mangalore
Local Time 1:08 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 60 thousand for 15.0% annual interest, 5 years (Native Currency: INR 5,000,000)
Reason: To expand business.
Collateral Available: USD 0
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
Available after connect
User Verification
Documents
Business Overview
- Business is still in the pre-revenue phase.
- The owners have an existing automotive service business in Oman that has been operational for 40 years. They are now looking to start a new automotive service center venture in Mangalore.
- This is separate from the Oman business, and investment willy only be for the Mangalore based service center.
- The land for the service center has been taken on lease and the construction and set up is completed.
- We will be providing complete automotive services where all the vehicle needs will be covered under one roof.
- We expect to begin operations by next month.
- Business is currently in the process of registering as a private limited company.
Products & Services Overview
Car & truck wash & services (steam, jet, express), sterilization of vehicles, oil change - automated & manual, sale of multi brand tyre's and their work, all kind of mechanical work, car modification (electrical, body work), paint jobs and vinyl wrapping, complete solution for all the cars and trucks at one location, complete showroom experience at a lower price.
Assets Overview
Car wash machines, tools and equipment, tyre equipment, and body shop equipment.
Facilities Overview
The land has been leased for 10 years with suitable structure already available.
Located on NH Road.
Total area of land is 31 cents with 3,500 Sq. Ft. area already built up.
Interior work under progress.
Project plan, project report, work plan all available.
Capitalization Overview
Not Disclosed
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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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