Used Car Dealers Business Seeking Loan in Bengaluru, India
Used car and bike dealership in Bangalore generating high margins dealing with bank auction vehicles.
Premium Plan
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 340 thousand |
| Run Rate Sales | USD 340 thousand |
| EBITDA Margin | 25 % |
| Industries | Used Car Dealers |
| Locations | Bengaluru |
| Local Time | 5:27 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
113 thousand
for
24.0%
annual interest,
3
years
(Native Currency: INR 10,000,000)
Reason: To stock the cars & bikes, for marketing, and expansion to tier-2 cities.
Collateral Available: USD 85 thousand
Includes physical assets worth
USD
31.6 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Plan
(846.0 KB)
GST Certificate
(79.4 KB)
Business Overview
- 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.
- 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.
Products & Services Overview
Used car dealership, bank auction automobile purchase & sales, and have plans for a website, eCommerce, membership, bike sales.
Assets Overview
We currently have 3 used cars in stock: Maruti Omni, Ford Aspire, and Audi A3.
Facilities Overview
Currently running dealership out of our own personal property located on the ground floor.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysVice President, Banking, Bengaluru, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
Tags:
Used Car Dealers Business Seeking Loan in Bangalore, India
·Lend to Used Car Dealers Business in Bangalore, India
·Used Car Dealers Business Seeking Loan in Bengaluru
·Lend to Used Car Dealers Business in Bengaluru
·Used Car Dealers Business Seeking Loan
·Lend to Used Car Dealers Business
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