Profitable Used Car Dealers Company Seeking Loan in Chennai, India
Multi-brand pre-owned cars company selling 15-25 cars monthly seeks a loan.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 600 - 700 thousand |
| Run Rate Sales | USD 810 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Used Car Dealers |
| Locations | Chennai |
| Local Time | 7:24 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
900 thousand
for
10.0%
annual interest,
3
years
(Native Currency: INR 80,000,000)
Reason: Need funds to open more outlets and develop the existing branch.
Collateral Available: USD 1.35 million
Includes physical assets worth
USD
56 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Visiting Card
(504.7 KB)
Stocks
(103.4 KB)
Certificate of Incorporation
(70.9 KB)
ROC-Verification.pdf
(66.0 KB)
Business Overview
- Have sold 386 cars in a year and made the best deals in the market.
- Currently, selling around 15-25 cars monthly.
- We refurbish the car if any damages and then sell them to the customer.
- A car is sold at an average of INR 3 lakhs higher than the price sold to us.
- The user can take the car for an independent inspection before making a purchase.
- Financing options like loans are available for purchasing a used car. We have tied with 20 banks that will provide loans. We also receive a commission of 3% of the loan amount from the bank.
- We supply cars all over Tamil Nadu based on requirements from dealers and direct customers.
- We are able to generate the provided revenue since we are able to sell a good number of cars monthly and we have a good margin.
- Company is registered in Kovur which is 22 km away from Chennai.
- Currently, selling around 15-25 cars monthly.
- We refurbish the car if any damages and then sell them to the customer.
- A car is sold at an average of INR 3 lakhs higher than the price sold to us.
- The user can take the car for an independent inspection before making a purchase.
- Financing options like loans are available for purchasing a used car. We have tied with 20 banks that will provide loans. We also receive a commission of 3% of the loan amount from the bank.
- We supply cars all over Tamil Nadu based on requirements from dealers and direct customers.
- We are able to generate the provided revenue since we are able to sell a good number of cars monthly and we have a good margin.
- Company is registered in Kovur which is 22 km away from Chennai.
Products & Services Overview
We buy and sell genuine quality pre-owned cars for the best price in the market.
Assets Overview
Tangible assets include 2 premium cars and 4 normal-brand cars.
Facilities Overview
Our showroom is located in the south of the city on 3,000 Square feet Building with a monthly rent of INR 70,000.
Capitalization Overview
- Single owner.- No debts or loans.
- Business is funded by personal funds.
Recent Activity
-
Earlier than 15 daysOwner, Chennai, Accounting Firm connected with the Business
-
Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
Tags:
Profitable Used Car Dealers Company Seeking Loan in Chennai, India
·Lend to Profitable Used Car Dealers Company in Chennai, India
·Profitable Used Car Dealers Company Seeking Loan in Madras
·Lend to Profitable Used Car Dealers Company in Madras
·Profitable Used Car Dealers Company Seeking Loan
·Lend to Profitable Used Car Dealers Company
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
7 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,500+ other businesses of all sizes.
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.
You might also be interested in these businesses