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Shell Company for Sale in Chennai, India

Sale of a non-operational private limited entity with no significant assets or liabilities in Chennai.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin 15 %
Industries Ecommerce Websites + 1 more
Locations  Chennai
Local Time 12:10 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 5.9 thousand (Native Currency: INR 500,000)
Reason: Due to the impact of the COVID-19 pandemic and the subsequent closure of GST, the business faced ope... View More
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Business Overview
- This sale includes the sale of a non-operational private limited entity.
- The company was registered in Chennai and previously operated as an e-commerce platform for the retail sale of apparel, mobile accessories, and kitchen products.
- The business primarily focused on selling textiles like sarees.
- Due to the impact of the COVID-19 pandemic and the subsequent closure of GST, the business faced operational challenges in reopening.
- Hence they have taken the decision to sell the private limited legal entity with the necessary documents in place.
- There are no specific licenses as a part of this sale.
- The company stopped operations approximately 1 year ago.
- Does not possess any significant assets, and it has no outstanding liabilities either.
- The sale includes the transfer of the company's website and online platform.
Products & Services Overview
- Currently non-operational.
- Previously operated as an e-commerce platform for the retail sale of apparel, mobile accessories, and kitchen products.
Assets Overview
The only intangible assets included in the sale are the website and online platform as well as all necessary documentation of the private limited entity.
Facilities Overview
We have a virtual office in Chennai Spencer Plaza leased till November. The rent of INR 25k has already been paid and the buyer can use the same if required.
Capitalization Overview
The business has two partners with equal stake in the company.
The company has no outstanding debts or liabilities.
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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