7.8 / 10
 Mumbai

Second hand car dealers that have tied-up with 60,000 corporates, seeks a loan.

Key Business Facts
Yearly Sales USD 42 thousand
EBIDTA Margin 11 %
Industries Used Car Dealers
Locations  Mumbai
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.
Seeking Loan
USD 35 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 35 thousand
Includes physical assets worth USD 20 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business or Enquire on WhatsApp