School Seeking Loan in Chikmagalur, India
School with 350 students and 20+ teaching faculty seeks funding to construct a new building.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Other |
| Reported Sales | USD 105 thousand |
| Run Rate Sales | USD 84 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Schools |
| Locations | Chikmagalur |
| Local Time | 8:45 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
234 thousand
for
11.0%
annual interest,
6
years
(Native Currency: INR 20,000,000)
Reason: To acquire the target land and construct a new building of G+2 floors.
Collateral Available: USD 0
Includes physical assets worth
USD
82 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
- School offers education from nursery to class V and PUC (Class XI & class XII with only commerce stream).
- We have a total of 12 classrooms and it is spread on G+1 building.
- Have a total of 350+ students, 20+ teaching faculty and a few non-teaching staff.
- Due to COVID-19, our run rate sales have reduced and we currently conduct classes online.
- We plan to construct a new school building on a land of 1 acre. We will acquire the land and have already paid an advance money to the landlord.
- The target land is located just 400 meters away from our existing school. It is currently a vacant land.
- We plan to construct G+2 floors building to add new classes i. e. class VI to class X and PUC (Science and arts stream).
- We have a total of 12 classrooms and it is spread on G+1 building.
- Have a total of 350+ students, 20+ teaching faculty and a few non-teaching staff.
- Due to COVID-19, our run rate sales have reduced and we currently conduct classes online.
- We plan to construct a new school building on a land of 1 acre. We will acquire the land and have already paid an advance money to the landlord.
- The target land is located just 400 meters away from our existing school. It is currently a vacant land.
- We plan to construct G+2 floors building to add new classes i. e. class VI to class X and PUC (Science and arts stream).
Products & Services Overview
Current: Classes from nursery to class V and PUC (Class XI & class XII with only commerce stream)Plan: Plan to add new classes from class VI to class X and PUC (Science and arts stream)
Assets Overview
20 computers, 2 buses and multiple furniture.
Facilities Overview
Current facility: Leased land of 1.5 acres.New / target facility: We will acquire a land of 1 acre which is located just 400 meters away from our existing school.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Education, Bangalore, Individual Investor / Buyer connected with the Business
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