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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 24 thousand
Run Rate Sales USD 43 thousand
EBITDA Margin 11 %
Industries Used Car Dealers
Locations  Mumbai
Local Time 9:32 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 36 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... View More
Collateral Available: USD 36 thousand
Includes physical assets worth USD 20 thousand
Interested to connect with advisors
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Business Name
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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.

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 days
    Director, Stuttgart, Business Broker connected with the Business
  • Earlier than 15 days
    Independent Advisor, Hyderabad, Financial Consultant connected with the Business
  • Earlier than 15 days
    Executive Director, New Delhi, Financial Consultant connected with the Business
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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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