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Newly Established Resort Seeking Loan in Chennai, India

Planning to start a resort in Kodaikanal and looking for investment to start construction.

Established 0-1 year(s)
Employees 100 - 500
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Resorts
Locations  Chennai
Local Time 6:21 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 190 thousand for 10.0% annual interest, 5 years (Native Currency: INR 15,000,000)
Reason: The funds will be used to start the construction of the resort, buy land, and purchase domes from Ch... View More
Collateral Available: USD 190 thousand
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Business Name
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Documents
GST Certificate
Business Overview

- The business provides facility management services.

- We are looking for investment to start a resort in Kodaikanal.

- The design for the resort is ready while we are still waiting to purchase the land which has been finalized.

- The construction will start once the investment is received.

- We will have a revenue-sharing contract with the investor.

- The business has 1 owner and it is debt-free.

Products & Services Overview

We plan to start a resort in Kodaikanal.

Assets Overview

There are no assets in the business. Will use personal assets as collateral.

Facilities Overview

The land is finalized but not yet purchased.

Recent Activity
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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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