Profitable Used Car Dealers Company Seeking Loan in Lagos, Nigeria

An E-way to trade used cars online business in Lagos.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 700 - 800 thousand
Run Rate Sales USD 760 thousand
EBITDA Margin 30 - 40 %
Industries Used Car Dealers + 1 more
Locations  Lagos
Local Time 10:19 PM Africa / Lagos
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 50 thousand for 30.0% annual interest, 2 years (Native Currency: NGN 20,000,000)
Reason: We need the loan in form of debt financing to funds our transactions. This will be giving us more pu... View More
Collateral Available: USD 40 thousand
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Documents
Pitch Deck
Business Overview

- e-Commerce site for used cars operating since 2017 and based out of Lagos.

- Our client or dealer network is growing each day.

- Business has a strategic partnership with car loans and insurance companies.

- Website has more than 50K registered users & 40% are regular users.

- Till now we have sold 30K cars and have multiple brands.

- We have more than 700 car dealers registered with us.

Products & Services Overview

Buying, selling and trade-in of used cars.

Facilities Overview

Working from office at 268B Aba Expressway, PHC. We have 42 lots in Lagos, 3 lots in Abuja and 1 lot in PHC.

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
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

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more