Newly Established Vehicle Rental Company Seeking Loan in Hyderabad, India

Bike rental services for premium two wheeler vehicles with a client base of 5,000 users.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 76 thousand
EBITDA Margin
30 %
Industries
Locations
Local Time
6:22 AM India
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 260 thousand for 36.0% annual interest, 3 years (Native Currency: INR 20,000,000)
Reason: Require capital to purchase new two wheelers as we are planning to open more outlets and start givin... View More
Collateral Available: USD 260 thousand
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- We have recently started a bike rental service for premium two wheeler vehicles.

- Prior to our incorporation this year, we were running a similar business 5 years ago under a partnership firm for 3 years before stopping it.

- We have an existing customer base of over 5,000 users and a good brand reputation from our prior business.

- Have over 35 vehicles including premium motorcycles such as royal enfield and KTM as well as daily use vehicles like Honda Activa.

- For our premium vehicles we generally get daily rental requests and for our other vehicles we get more of weekly or monthly rental requests.

- We have an app in development which would make it easier for users to rent our bikes directly through the app.

- Promoter has over 6 years of experience in the space of bike rentals.

- Company's physical assets include 35 bikes and motorcycles.

Products & Services Overview

Renting out premium and daily use two wheeler vehicles.

Facilities Overview
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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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