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Used Car Dealers Business Seeking Loan in Pithoragarh, India

Used car & bike dealership company that also wishes to enter event-management industry seeks loan.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Event Management + 1 more
Locations  Pithoragarh
Local Time 8:24 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
INR 5 lakh for 9.09% annual interest, 3 years (Native Currency: INR 500,000)
Reason: The owner is seeking a loan to develop their business.
Collateral Available: INR 1 lakh
Includes physical assets worth INR 35 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Documents
Udyam Aadhar
Business Overview
- The business has 2 verticals, firstly they are used cared cars and bikes dealership, and secondly they will be serving in an event management as well.
- The owner has 2+ years of experience working in used car dealership and they have developed very good contacts. They have also developed good contacts in the event management industry by working for 6 months.
- We have 300+ customers database who are looking to sell their cars and 100+ customers database who are looking to buy cars.
- We have a few clients for the event management business as well.
- The business has taken a place on rent and the interior work in taking place right now and it has not yet started its operations.
Products & Services Overview
- Second-hand cars and bikes dealers.
- Event management services.
Assets Overview
The business has purchased a counter and a laptop for its business.
Facilities Overview
We have recently rented a shop in Pithoragarh. And we pay a rent of INR 3k for a space of 450 sqft.
Capitalization Overview
Self-funded business with INR 1L invested by one owner, who has complete control in the business. The business does not have any debts or loans.
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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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