Used Car Dealers Business Seeking Loan in Bangalore, India
Established | 5-10 year(s) |
Employees | 2 - 5 |
Legal Entity | Sole Proprietorship/Sole Trader |
Reported Sales | USD 360 thousand |
Run Rate Sales | USD 360 thousand |
EBITDA Margin | 25 % |
Industries | Used Car Dealers |
Locations | Bangalore |
Local Time | 1:38 AM Asia / Kolkata |
Listed By | Business Owner / Director |
Status | Active |
- We deal with cars and bikes purchased through bank auctions and insurance auctions in Bangalore ranging from INR 5 lakh to INR 50 lakh.
- We are looking for funds to expand operations to all over India.
- We get a high margin from buying and selling bank auction cars and bikes.
- Purchase and sell 2-3 cars on a monthly basis with a minimum profit margin of 20% per car.
- We are seeking funds to lease a commercial facility to set up a showroom and to build a website with an auctioning feature. We also plan to start dealing with bikes and establish tie-ups with insurance companies, banks, and NBFC to provide financing options.
- With an INR 1 crore investment, the investor can expect a positive return on investment 2 years.
- Have extensive knowledge to purchase cars at competitive prices.
- Founder has more than 5 years of industry experience.
Used car dealership, bank auction automobile purchase & sales, and have plans for a website, eCommerce, membership, bike sales.
We currently have 3 used cars in stock: Maruti Omni, Ford Aspire, and Audi A3.
Currently running dealership out of our own personal property located on the ground floor.
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Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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Earlier than 15 daysVice President, Secunderabad, Financial Consultant connected with the Business