Playschool Seeking Loan in Chennai, India

Montessori schools with 36 children, located in a residential area, seeks funding to start a new branch.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 22 thousand
EBITDA Margin
25 %
Industries
Locations
Local Time
11:51 AM India
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 27 thousand for 12.0% annual interest, 7 years (Native Currency: INR 2,000,000)
Reason: Open a new branch in a residential area which would be approx 10 kms away from our current unit.
Collateral Available: USD 27 thousand
Includes physical assets worth USD 24 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

The Montessori school is located in a residential area in Chennai, operating with 36 enrolled kids and 3 teaching staff. Founder has 10 years of experience in this industry and our curriculum is well designed to engage kids with fun and creative activities.

Seeking funds to start a new branch which would be approx 10 kms away from the current unit. The proposed unit will be also in a residential area and we have already identified a few residential villas & individual houses but are yet to enter into a rental agreement. After raising funds, we would finalize the rental property and set up the interiors & facilities.

Since our school is located in a residential area, all students are from the nearby area. We do not have a school van. Business owned assets include play equipment and Montessori setup.

Products & Services Overview

Day care and trips to park.

Facilities Overview
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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