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Parking Lot Operator Investment Opportunity in Bangalore, India

Business with a smart parking application that allows customers to navigate and park at locations.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 30 thousand
EBITDA Margin 30 %
Industries Parking Lot Operators + 1 more
Locations  Bangalore
Local Time 7:22 AM Asia / Kolkata
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Investment
USD 120 thousand for 15.0% stake (Native Currency: INR 10,000,000)
Reason: Funds are required to expand our business to 25 locations in Bangalore, hire staff and market our bu... View More
Includes physical assets worth USD 50 thousand
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Business Overview

- Our business has developed a smart parking application that allows customers to navigate and park at locations in Bangalore.

- Currently, we are in 3 locations in Bangalore and with a total of 59 parking lots.

- We generate revenue by charging customers on an hourly basis of use of the parking lot.

- We receive 30 to 35 bookings per day and have served 400+ customers till date.

- The application is developed and maintained by our in-house team.

- Business is debt-free and is run by 2 owners who hold equal ownership in the company.

- Company started operations this year hence did not report any revenue last year.

Products & Services Overview

Allows customers to navigate and book parking lots, long term parking, overnight parking, kiosk sales, and EV charging lots.

Assets Overview

Rental deposits, and removable assets at the property. The business also owns the software, and mobile application.

Facilities Overview

Parking lots with 3,000+ sq. ft. of space. These properties are on a lease for a period of 3 years. Our office is located in Bangalore and it is a co-working space.

Capitalization Overview
Not Disclosed
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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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