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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 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 700 - 800 thousand
Run Rate Sales USD 900 thousand
EBITDA Margin 30 - 40 %
Industries Used Car Dealers
Locations  Chennai
Local Time 8:44 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 1 million 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 1.4 million
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
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Business Name
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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.

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
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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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