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    Gym Seeking Loan in Noida, India

    Setting up a new gym in a commercial area, seeks funding for working capital.
    Established 1-5 year(s)
    Employees < 2
    Legal Entity Sole Proprietorship/Sole Trader
    Reported Sales Nil
    Run Rate Sales Nil
    EBITDA Margin Nil
    Industries Gyms
    Locations  Noida
    Local Time 4:21 PM Asia / Kolkata
    Listed By Advisor / Business Broker
    Status Moderately Active
    Overall Rating
    7.1 / 10
    Compare with industry
    Seeking Loan
    USD 18 thousand for 12.0% annual interest, 5 years (Native Currency: INR 1,500,000)
    Reason: To meet our working capital requirement once the gym starts its operations.
    Collateral Available: USD 0
    Name, Phone, Email
    Available after connect
    Business Name
    Available after connect
    User Verification
    Documents
    Equipment Catalogue
    Equipment Catalogue (26.7 MB)
    Bank Account Details
    Bank Account Details (255.1 KB)
    Shop and Establishment Registration
    Shop and Establishment Registration (34.2 KB)
    Business Overview

    The firm is setting up a new gym in Noida and is looking to raise funds to meet working capital requirement after the gym starts its operations. Founder is investing about INR 30-35 lakh from own capacity for buying equipment and setting up the interiors.

    The gym will be in a commercial area and we have already identified a 3,500 sq ft premises. However, we are yet to enter into formal agreement with the property owner. Once the gym starts, we plan to have 10+ staff.

    Founder of the firm has 15 years of experience in the fitness industry. Business does not own any physical assets at the moment.

    Products & Services Overview

    Our fitness center will offer personal and group training.

    Facilities Overview

    Have identified a 3,500 sq ft premises but are yet to enter into formal rental agreement. The place will be taken for 9 years of lease.

    Capitalization Overview
    Not Disclosed
    Recent Activity
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    Newly Established Fitness Center Seeking Loan in Noida, India

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    Newly Established Gym Seeking Loan in Noida, India

    ·

    Newly Established Fitness Center Seeking Loan

    ·

    Lend to Newly Established Gym in Noida, India

    ·

    Lend to Newly Established Fitness Center

    ·

    Newly Established Gym Seeking Loan

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    Lend to Newly Established Gym

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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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