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Newly Established Serviced Apartment Seeking Loan in Greater Noida, India

Men's PG facility in Greater Noida, seeking funding to rent a new property and expand.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 28.5 thousand
EBITDA Margin 25 %
Industries Serviced Apartments
Locations  Greater Noida
Local Time 9:00 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 5.7 thousand for 10.0% annual interest, 4 years (Native Currency: INR 500,000)
Reason: We are seeking this loan to rent out a new property and expand our business.
Collateral Available: USD 0
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Business Name
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User Verification
Business Overview
1. The business operates as a men's PG facility in the Greater Noida region, providing PG services to students and working professionals.
2. The business has been operational for 2 months and currently accommodates 28 guests, the fee for each guest is INR 7,400.
3. The target market includes students and working professionals with an 11-month stay agreement fee.
4. The business is seeking funding to relocate to a larger facility to accommodate more guests and consequently increase revenue.
5. The relocation process can be initiated within a month, allowing for swift expansion and operational continuity.
6. Loan repayment can commence one month after securing the funding, providing a reasonable grace period for business stabilization.
7. With a strategic relocation plan and a growing customer base, the business is poised for expansion and increased profitability.
Products & Services Overview
We provide PG services in the Greater Noida region, to students and working professionals.
Assets Overview
The business operates from semi-furnished apartments and does not own any tangible assets.
Facilities Overview
Currently, the business has rented out 7 apartments in the Greater Noida region with each flat having an area of 400 sq ft.
Capitalization Overview
The business does not have any loans and is a sole proprietorship.
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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