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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 120 thousand
Run Rate Sales USD 100 thousand
EBITDA Margin 30 - 40 %
Industries Schools
Locations  Chikmagalur
Local Time 10:14 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 270 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 90 thousand
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Business Name
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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).

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.

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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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