Need help?

Used Car Dealers Business Seeking Loan in Channarayapattana, India

Pre used car business from Karnataka seeks a business loan for expansion.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 173 thousand
Run Rate Sales USD 490 thousand
EBITDA Margin 5 %
Industries Used Car Dealers
Locations  Channarayapattana
Local Time 8:21 PM Asia / Kolkata
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 58 thousand for 10.0% annual interest, 5 years (Native Currency: INR 5,000,000)
Reason: We are aiming for nationwide business expansion and are looking to purchase additional cars to broad... View More
Collateral Available: USD 0
Includes physical assets worth USD 58 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- The business operates in the used car dealership industry in Channarayapattana, specializing in pre-owned vehicles.
- Offers a range of vehicles including high-profile, mid-profile, low-profile cars, and sports versions to cater to varied customer preferences.
- We deal in second-hand vehicles sourced from platforms such as OLX, Spinny, Cars24, and CarDekho. The business has been operating for around 10 years, showcasing extensive experience in buying, selling, and exchanging various car models.
- Each month, the dealership successfully sells 5-6 cars, on a monthly basis.
- We also give our vehicles in an EMI option.
- The team consists of 2 dedicated employees, ensuring personalized customer service and attention to detail.
- The business's solid financial background is validated by its declared income tax returns, appealing to potential investors looking for a stable investment opportunity.
- The monthly revenue may appear high relative to the number of employees because the high value of the cars we sell enables us to generate substantial revenue with just two employees.
- The business has experienced significant growth compared to last year, largely driven by word-of-mouth from satisfied clients. We have also established a monopoly in our town within this sector.
Products & Services Overview
Cars are our top-selling products, primarily purchased by local customers for travel purposes.
Assets Overview
Currently, we have 10 cars as physical assets.
Our intangible assets include the Udyam Registration Certificate and GST registration.
Facilities Overview
We operate from our residential premises, where we park and manage the second-hand cars.
Capitalization Overview
The business is a partnership between two members, with investments based on market value.
There are no outstanding loans, and ownership is equally shared at 50% each.
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
3 Investors viewed this Business this month. Register below to connect now!
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.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more