Used Car Dealers Business Seeking Loan in Mumbai, India
Second hand car dealers that have tied-up with 60,000 corporates, seeks a loan.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 22.3 thousand |
| Run Rate Sales | USD 40 thousand |
| EBITDA Margin | 11 % |
| Industries | Used Car Dealers |
| Locations | Mumbai |
| Local Time | 9:19 AM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
33.5 thousand
for
18.0%
annual interest,
3
years
(Native Currency: INR 3,000,000)
Reason: We are looking for funds to expand our business by purchasing more inventory and selling out more ca...
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Collateral Available: USD 33.5 thousand
Includes physical assets worth
USD
19 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview
- We deal in purchasing and selling second hand luxury cars and SUVs.
- We are in the process of establishing a tie-up with all existing second hand car dealers in the market and have already tied-up with 60,000 corporates where we connect with the top management directly who wish to sell out their cars.
- On average after the pandemic when markets reopened we are selling 1-2 cars in a month.
- The range of the car prices start from INR 3 lakh.
- Our first year turnover was approximately INR 20 lakhs and we aim for the second year turnover to be approximately INR 70-80 lakhs.
- We have a plan to push ideation into the second hand car sales market which does not exist currently.
- We are in the process of establishing a tie-up with all existing second hand car dealers in the market and have already tied-up with 60,000 corporates where we connect with the top management directly who wish to sell out their cars.
- On average after the pandemic when markets reopened we are selling 1-2 cars in a month.
- The range of the car prices start from INR 3 lakh.
- Our first year turnover was approximately INR 20 lakhs and we aim for the second year turnover to be approximately INR 70-80 lakhs.
- We have a plan to push ideation into the second hand car sales market which does not exist currently.
Products & Services Overview
Our services include purchasing cars from owners, investors, agents, dealers and selling to direct clients and dealers.
Assets Overview
Our physical assets include inventory that is a Scorpio S3 2WD, a BMW 735i, a BMW 320i, and a Skoda Yeti.
Facilities Overview
We have an office under construction in Kurla behind Phoenix Market City. Currently, we are working from home.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysOwner, Toy Manufacturer And Marketing, Mumbai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Stuttgart, Business Broker connected with the Business
-
Earlier than 15 daysIndependent Advisor, Hyderabad, Financial Consultant connected with the Business
Tags:
Newly Established Used Car Dealers Business Seeking Loan in Mumbai, India
·Lend to Newly Established Used Car Dealers Business in Mumbai, India
·Newly Established Used Car Dealers Business Seeking Loan in Bombay
·Lend to Newly Established Used Car Dealers Business in Bombay
·Newly Established Used Car Dealers Business Seeking Loan
·Lend to Newly Established Used Car Dealers Business
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