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Newly Established Car Wash Seeking Loan in Chennai, India

Chennai-based automated car wash startup seeking loan to launch unmanned facility with scalable self-service model.

Established 0-1 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Car Washes
Locations  Chennai
Local Time 12:20 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 75 thousand for 10.0% annual interest, 5 years (Native Currency: INR 7,000,000)
Reason: Planning to launch an unmanned car wash facility and seeking a loan to procure the required machiner... View More
Collateral Available: USD 0
Name, Phone, Email
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Business Name
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User Verification
Business Overview
- Chennai-based startup planning to launch an unmanned, self-service car wash facility.
- Concept involves fully automated car washing machines where customers can operate via a timer-based system.
- Targets urban vehicle owners seeking quick, affordable, and convenient car cleaning without manpower dependency.
- Facility planned on a 2,000 sq. ft. leased property, suitable for setting up automated washing infrastructure.
- Business model focuses on low operational overhead due to minimal staffing and automation-driven service delivery.
- Early-stage venture with planned launch within the next 3 months.
- We haven't registered the business yet and we are still planning to register the business.
Products & Services Overview
Automated self-service car wash targeting urban car owners looking for quick, affordable, and hassle-free cleaning solutions.
Assets Overview
We do not have any tangible assets.
Intangible assets include project plan.
Facilities Overview
Secured a 2,000 sq. ft. leased property to commence business operations.
Capitalization Overview
Single-shareholder company with no outstanding loans, fully funded by the owner.
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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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