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School Seeking Loan in Davangere, India

School (Playschool to 5th standard) with 150+ students enrolled seeks loan to construct school building.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Other
Reported Sales USD 40 thousand
Run Rate Sales USD 14 thousand
EBITDA Margin 40 %
Industries Schools
Locations  Davangere
Local Time 7:53 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 120 thousand for 10.0% annual interest, 10 years (Native Currency: INR 10,000,000)
Reason: To construct a school building on alternate property. The property has an area of 4 acres and is own... View More
Collateral Available: USD 66 thousand
Includes physical assets worth USD 10 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- Offer classes from play school to 5th standard. Have enrolled more than 150 students currently.

- School has not accepted admissions for play school to UKG students this year due to the ongoing pandemic.

- Current property has 8 classrooms and 2 offices. Library (300+ books) and playground facilities are also available.

- The size of the teaching staff is 10 and we have 2 workers involved in maintenance.

- We are conducting online classes for the students currently.

- We charge INR 25,000 for students from playschool to UKG and INR 30,000 for students from 1st standard to 5th standard. Fees are collected annually.

- The school regularly communicates to the students and parents via Facebook. We also upload pictures and intimate information regarding our admission procedure via Facebook.

- Due to some disputes with the franchisor, we have terminated the agreement. We are changing the business' name and logo as a result.

Products & Services Overview

We conduct classes from pre school till 5th grade.

Assets Overview

The interiors and furnishings of the school. This includes all the chairs, desks and fans. We also have 2 projectors, 5 computers and laptops along with some play equipment.

Facilities Overview

School has an area of 21,600 square feet and we pay a monthly rent of INR 30,000. The deposit paid on the property is INR 3.5 lakh.

Capitalization Overview
Not Disclosed
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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