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Newly Established Auto Repair and Service Company Seeking Loan in Manado, Indonesia

Pre-revenue vehicle body workshop in Manado City, 50% complete, seeking funding to finalize construction.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity C Corporation
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Auto Repair and Service
Locations  Manado
Local Time 3:52 PM Asia / Makassar
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 21.5 thousand for 10.0% annual interest, 3 years (Native Currency: IDR 350,000,000)
Reason: Initial business capital is required to fund the completion of the workshop. Repayment can be suppo... View More
Collateral Available: USD 0
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Business Overview
- The business is in the pre-revenue stage and is currently working on completing a vehicle body repair workshop, with construction 50% finished.
- The primary focus of the business is on vehicle body maintenance and repair services, capitalizing on the growing number of motor vehicles in Manado City.
- Revenue is expected to come from claims from individuals and general insurance companies, as well as capital from incoming SPK work services.
- The business is driven by the owner's 12 years of experience in the automotive industry and passion for vehicles, aiming to provide quality service and create job opportunities.
- Marketing efforts include promises via social media and advertisements to attract customers for vehicle maintenance services.
- The business owner aims to educate and train interested individuals in becoming reliable vehicle body repair mechanics, supporting community involvement in the automotive sector.
- The workshop plans to synergize with investors for profit generation, projecting a 60% gross profit margin and capital recovery by the second year.
- The owner plans to reinvest profits into acquiring new equipment and expanding the business beyond Manado, leveraging the fast-developing automotive industry in the region.
- The business holds a valid NPWP registration and NIB license, ensuring full legal and regulatory compliance.
Products & Services Overview
The business will offer a range of specialized automotive services including vehicle body repair, paint modification, and custom body modifications.
Catering to both individual vehicle owners and clients from general insurance companies seeking quality restoration and cosmetic enhancements.
The workshop will serve customers in Manado City by providing professional body maintenance solutions, addressing collision damage, enhancing vehicle aesthetics, and fulfilling insurance claim repairs.
Assets Overview
The business doesn't have any physical assets of significant value yet.
Facilities Overview
The facility is being developed on a 12.5 x 100 meter plot, secured under a 10-year land lease agreement, offering ample space and long-term operational stability for the planned workshop and services.
Capitalization Overview
The construction is currently self-funded.
Solely owned and has not involved any shareholder loans to date.
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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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