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Office Space Seeking Loan in Kozhikode, India

Business currently operating 3 co-working space offices now seeking funds to open 2 more branches.
This transaction has concluded.

Established 5-10 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 20 - 30 thousand
Run Rate Sales USD 70 thousand
EBITDA Margin 40 %
Industries Office Space
Locations  Kozhikode
Local Time 12:00 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 60 thousand for 10.0% annual interest, 15 years (Native Currency: INR 5,000,000)
Reason: For working capital and to begin operations at the 2 new outlets.
Collateral Available: USD 240 thousand
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
Documents
Logo
Company PAN Card
Business Overview

- A co-working space business based in Kozhikode, Kerala.

- Have 3 co-working offices set up in Kozhikode, with 2 new branches opening up soon in Pune and Palakkad.

- Have a total of 200 companies using our co-working offices.

- Contracts with companies start from 3 months and are up-to 1 year. Contracts can be renewed post this date.

- Companies can either rent out full offices or workstations depending on their requirement.

- Property for the 2 new branches are identified and we will be starting operations in the coming months.

- Operations began late last year, hence revenue generated for the previous year wasn't significant.

- Company is in the process of being registered as a private limited company.

Products & Services Overview

Premium cabinet, cubicle, conference hall & all kinds of co working activities.

Incubation, training & virtual office.

Assets Overview

Office furniture, interior setup and equipment.

Facilities Overview

The three branches in Kozhikode are rented and have an area of approximately 3,000 Sq. Ft.

The 2 new branches will also be rented and have an area of 3,000 Sq. Ft.

Capitalization Overview
Not Disclosed
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This transaction has concluded. View similar business opportunities on SMERGERS
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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