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Newly Established Serviced Apartment Seeking Loan in Mumbai, India

Recently established company providing accommodation and food for nurses seeks a loan.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 220 thousand
EBITDA Margin Nil
Industries Serviced Apartments
Locations  Mumbai
Local Time 12:21 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 240 thousand for 10.0% annual interest, 5 years (Native Currency: INR 20,000,000)
Reason: Need funds to expand the internal infrastructure of the hostel.
Collateral Available: USD 0
Includes physical assets worth USD 140 thousand
Interested to connect with advisors
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Business Name
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Business Overview

- Recently established business that has work orders from Mumbai's reputed hospitals.

- The hostel area has been decided and it is a dormitory. There is a huge hall that can hold a capacity of 250.

- The hostel is located close to our client's hospital.

- Registration of the Pvt Ltd company is under process and will be receiving the registration certificate by next week.

- Currently we are fully booked and have a 100% occupancy rate.

Products & Services Overview

We offer fully air-conditioned accommodation & food for hospital nurses/brothers/ doctors.

Assets Overview

Tangible assets include 200 beds, ACs and furniture.

Facilities Overview

The hostel is located in the west of the city on a 7,500 sqft area.

Capitalization Overview

- It is initially funded by personal loan and investments.

- The company has two directors.

- Business has no loan but we are looking for investors & loans.

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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