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Spa Seeking Loan in Chennai, India

Spa business that intends to serve 300 customers per month seeks a loan to launch.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Beauty Salons + 1 more
Locations  Chennai
Local Time 11:59 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 11.7 thousand for 11.0% annual interest, 5 years (Native Currency: INR 1,000,000)
Reason: Funds are required to upgrade and have an online portal for bookings as well as for marketing our bu... View More
Collateral Available: USD 11.7 thousand
Includes physical assets worth USD 11.7 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- Chennai based company that will provide spa and beauty care services to clients like hairstyle, spa, manicure, pedicure, foot reflexology, and stream services.
- The salon and spa is located in a commercial area with a mall nearby.
- We wish to market our business and set-up an online portal for bookings.
- We have not generated any revenue yet. The business is in pre-revenue stage which will be ready within a month.
- We have a database with more than 500 clients on our directory as per our marketing strategy.
- We aim to serve 300 customers per month when we start our operations.
- Our estimated revenue will be between INR 40 to 70 lakhs per annum with our unique business model.
- The interior and furniture is all set-up and we have all the necessary equipment.
Products & Services Overview
Hairstyle, spa, manicure, pedicure, foot reflexology, and stream services.
Assets Overview
Interior setup, spa and salon parlour equipment.
Facilities Overview
1,200 sq. ft. space, with a monthly rent of INR 35,000 and 10-month advance made.
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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