Serviced Apartment Seeking Loan in Toronto, Canada
Company dealing in international student housing, located in Canada and Kerala seeks a loan.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 173 thousand |
| Run Rate Sales | USD 860 thousand |
| EBITDA Margin | 15 % |
| Industries | Serviced Apartments |
| Locations | Kochi + 1 more |
| Local Time | 1:16 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
72 thousand
for
15.0%
annual interest,
2
years
(Native Currency: CAD 100,000)
Reason: We are seeking a loan to set up a back-office in Kochi with a high-performance team to scale the bus...
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Collateral Available: USD 0
Includes physical assets worth
USD
14.4 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
Business License
(15.6 KB)
Logo
(26.4 KB)
Bank Statement
(91.8 KB)
Payment Proof 1
(299.2 KB)
Payment Proof 2
(300.2 KB)
Business Overview
- We are an international student housing company. We provide our services to international students from India who wish to relocate to Toronto, Canada.
- Our business model is to rent a house for 2,500$ from the property owner and sub rent it room by room for international students for 3,500$. From a single student, we make a revenue of 1,000$.
- Our company is incorporated in Canada and is a private limited company, but we are a sole proprietorship in India.
- One of the partners is handling business in Canada.
- Planning to build a back-office team in Kochi, Kerala.
- Currently, we have around 55 properties in Canada. Each property can accommodate 5-8 students.
- There are 3 intakes every year and we acquire 25 properties every intake.
- Our objective is to have a network of 200 homes all around Ontario by next year.
- Our sales were reduced last year due to Covid. As the restrictions are reducing and colleges are re-opening, we expect to generate a high revenue every month.
- Our business model is to rent a house for 2,500$ from the property owner and sub rent it room by room for international students for 3,500$. From a single student, we make a revenue of 1,000$.
- Our company is incorporated in Canada and is a private limited company, but we are a sole proprietorship in India.
- One of the partners is handling business in Canada.
- Planning to build a back-office team in Kochi, Kerala.
- Currently, we have around 55 properties in Canada. Each property can accommodate 5-8 students.
- There are 3 intakes every year and we acquire 25 properties every intake.
- Our objective is to have a network of 200 homes all around Ontario by next year.
- Our sales were reduced last year due to Covid. As the restrictions are reducing and colleges are re-opening, we expect to generate a high revenue every month.
Products & Services Overview
We provide services such as house rental for students, sale of furniture and maintenance of the rented apartments.
Assets Overview
Physical assets include office furniture and the furniture acquired by the company for furnishing the apartments.
Facilities Overview
We have a 4 member team in India with a rental office in Kochi of 700 sq ft.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysCEO, Education, Toronto, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysCompiler Engineer, IT, Toronto, Individual Investor / Buyer connected with the Business
Tags:
Newly Established Self-Catering Accommodation Seeking Loan in Toronto, Canada
·Newly Established Self-Catering Accommodation Seeking Loan in Kochi, India
·Newly Established Serviced Accommodation Seeking Loan in Toronto, Canada
·Lend to Newly Established Self-Catering Accommodation in Toronto, Canada
·Newly Established Serviced Accommodation Seeking Loan in Kochi, India
·Lend to Newly Established Self-Catering Accommodation in Kochi, India
·Newly Established Serviced Apartment Seeking Loan in Toronto, Canada
·Newly Established Self-Catering Accommodation Seeking Loan in Cochin
·Lend to Newly Established Serviced Accommodation in Toronto, Canada
·Newly Established Serviced Apartment Seeking Loan in Kochi, India
·Newly Established Student Hostel Seeking Loan in Toronto, Canada
·Lend to Newly Established Serviced Accommodation in Kochi, India
·Newly Established Serviced Accommodation Seeking Loan in Cochin
·Lend to Newly Established Serviced Apartment in Toronto, Canada
·Lend to Newly Established Self-Catering Accommodation in Cochin
·Newly Established Student Hostel Seeking Loan in Kochi, India
·Lend to Newly Established Serviced Apartment in Kochi, India
·Newly Established Serviced Apartment Seeking Loan in Cochin
·Lend to Newly Established Student Hostel in Toronto, Canada
·Newly Established Self-Catering Accommodation Seeking Loan
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