Serviced Apartment Seeking Loan in Guwahati, India
Company that provides accommodation services with more than 1,200 customers seeks a business loan.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 103 thousand |
| Run Rate Sales | USD 390 thousand |
| EBITDA Margin | 25 % |
| Industries | Serviced Apartments |
| Locations | Guwahati |
| Local Time | 2:33 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
218 thousand
for
10.0%
annual interest,
2
years
(Native Currency: INR 20,000,000)
Reason: We are seeking a loan to grow the business and to add more hostels to our portfolio.
Collateral Available: USD 109 thousand
Includes physical assets worth
USD
270 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(73.8 KB)
Business Overview
- We have tie-ups with more than 50 properties for accommodation services.
- Most of our customers are students and we have served over 1,200 customers since our inception.
- We have also renovated 24 hostels and have a partial stake of ownership in these facilities.
- Our revenue model is commission-based. We charge 15%-20% commission on the cost of booking in the initial months and then charge fixed service charges from the hostels.
- Last year our sales run rate reduced due to Covid. We are experiencing a high growth rate in the current year due to an increase in demand.
- We are operating in offline mode currently.
- Most of our customers are students and we have served over 1,200 customers since our inception.
- We have also renovated 24 hostels and have a partial stake of ownership in these facilities.
- Our revenue model is commission-based. We charge 15%-20% commission on the cost of booking in the initial months and then charge fixed service charges from the hostels.
- Last year our sales run rate reduced due to Covid. We are experiencing a high growth rate in the current year due to an increase in demand.
- We are operating in offline mode currently.
Products & Services Overview
We provide accommodation services to students and working professionals by having tie-ups with various PGs and hostels.
Assets Overview
Physical assets include a partial stake in 24 hostels in Guwahati. This includes the hostel setup, furniture, and fixtures.
Facilities Overview
Currently, the company is being operated from home.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysGlobal Business Advisor, Bengaluru, Financial Consultant connected with the Business
-
Earlier than 15 daysDirector, Ahmedabad, Merchant Bank connected with the Business
-
Earlier than 15 daysManaging Director, Facility Management, Chennai, Corporate Investor / Buyer connected with the Business
Tags:
Self-Catering Accommodation Seeking Loan in Guwahati, India
·Serviced Accommodation Seeking Loan in Guwahati, India
·Lend to Self-Catering Accommodation in Guwahati, India
·Serviced Apartment Seeking Loan in Guwahati, India
·Lend to Serviced Accommodation in Guwahati, India
·Student Hostel Seeking Loan in Guwahati, India
·Lend to Serviced Apartment in Guwahati, India
·Lend to Student Hostel in Guwahati, India
·Self-Catering Accommodation Seeking Loan
·Hostel Seeking Loan in Guwahati, India
·Serviced Accommodation Seeking Loan
·Lend to Self-Catering Accommodation
·PG Seeking Loan in Guwahati, India
·Lend to Hostel in Guwahati, India
·Serviced Apartment Seeking Loan
·Lend to Serviced Accommodation
·Lend to PG in Guwahati, India
·Student Hostel Seeking Loan
·Lend to Serviced Apartment
·Lend to Student Hostel
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
4 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,500+ other businesses of all sizes.
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