School Seeking Loan in Ramnagar, India

CBSE school with 22 classrooms and 550+ students enrolled is seeking debt funding.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 180 thousand
EBITDA Margin 30 %
Industries Schools
Locations  Ramnagar
Local Time 10:14 PM India
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 270 thousand for 14.0% annual interest, 10 years (Native Currency: INR 20,000,000)
Reason: Promoter wants to repay existing loans immediately. All the remaining funds will be utilized in upda... View More
Collateral Available: USD 2.6 million
Includes physical assets worth USD 2.6 million
Interested to connect with advisors
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Business Name
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Documents
Auditor Report
Society Document
Event
Bank Statement
Business Overview

- Our school is affiliated with the CBSE Board and is run by a diligent educational society.

- Classes are conducted from pre-primary to 12th standard and offer science and commerce at the senior secondary level.

- The school is located on the outskirts of Ramnagar the city is known as the gateway of Corbet National Park and is surrounded by nature and agricultural lands.

- We have enrolled over 550+ students currently and have hired over 31 teaching staff and 8 non-teaching staff. Some of the staff are on a contract or part-time basis. We have 16 permanent staff members.

- Owing to the lock-down that was imposed due to the ongoing pandemic, all the classes are being conducted online. Around 40% of the students have paid their tuition fees and we plan to recover at least 80% of the outstanding fee collection amount once the school reopens.

- The average tuition fee per student is INR 2,150. Fees are collected on a quarterly basis.

- We have over 22 fully equipped classrooms, two offices, and a staffroom. Besides that, some facilities available in the school are 3 playgrounds (the largest playground has an area of 100 x 80 meters), an outdoor badminton court, well-decorated outdoor activities area (30 x 20meters) a library (7,000 books), and a computer lab (16 Windows OS computers).

- The business has an outstanding debt of around INR 80 lakh in bank loans. We pay a monthly interest of around INR 1 lakh on the loan. Besides that, the promoter has also borrowed some funds from private sources.

- Despite the ongoing pandemic, we have received over 50 new admissions.

Products & Services Overview

Our school is affiliated with the CBSE board with classes offered from pre-primary to 12th standard. Offering science and commerce stream at the senior secondary level.

Assets Overview

The built-up infrastructure of the school which includes 4 buildings and a cash balance of INR 3 crore. We also own 5 large school buses.

Facilities Overview
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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