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Newly Established Spa Seeking Loan in Chennai, India

Spa business that intends to serve 300 customers per month seeks a loan to launch.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Beauty Salons + 1 more
Locations  Chennai
Local Time 10:31 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 12 thousand for 11.0% annual interest, 5 years (Native Currency: INR 1,000,000)
Reason: Funds are required to upgrade and have an online portal for bookings as well as for marketing our bu... View More
Collateral Available: USD 12 thousand
Includes physical assets worth USD 12 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview

- Chennai based company that will provide spa and beauty care services to clients like hairstyle, spa, manicure, pedicure, foot reflexology, and stream services.

- The salon and spa is located in a commercial area with a mall nearby.

- We wish to market our business and set-up an online portal for bookings.

- We have not generated any revenue yet. The business is in pre-revenue stage which will be ready within a month.

- We have a database with more than 500 clients on our directory as per our marketing strategy.

- We aim to serve 300 customers per month when we start our operations.

- Our estimated revenue will be between INR 40 to 70 lakhs per annum with our unique business model.

- The interior and furniture is all set-up and we have all the necessary equipment.

Products & Services Overview

Hairstyle, spa, manicure, pedicure, foot reflexology, and stream services.

Assets Overview

Interior setup, spa and salon parlour equipment.

Facilities Overview

1,200 sq. ft. space, with a monthly rent of INR 35,000 and 10-month advance made.

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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