Used Car Dealers Company Seeking Loan in Bhubaneswar, India
Used car dealer selling 35 cars per month seeking loan to start a new outlet.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 1 - 2 million |
| Run Rate Sales | USD 3.4 million |
| EBITDA Margin | 0 - 10 % |
| Industries | Used Car Dealers |
| Locations | Bhubaneswar |
| Local Time | 11:50 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
227 thousand
for
24.0%
annual interest,
5
years
(Native Currency: INR 20,000,000)
Reason: Looking for funds to open a new outlet. We can pay a higher interest rate due to our high sales. We ...
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Collateral Available: USD 227 thousand
Includes physical assets worth
USD
400 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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User Verification
Documents
ROC-Verification.pdf
(66.1 KB)
Business Overview
- We sell and purchase used cars in Odisha.
- On average we procure 45 cars per month.
- The cars are procured by listing our advertisements on different portals and the car owners reach out to us to sell the cars.
- We have a team dedicated to the valuation of the business.
- We sell an average of 35 cars per month.
- Currently, we operate from one outlet and plan to open a new outlet.
- We have a high number of employees as we need a valuation team and a maintenance team.
- The sales of business have increased as we have increased due to an increase in advertising.
- Promoters have 15 years of experience in the industry.
- We have the registration and GST certificate.
- On average we procure 45 cars per month.
- The cars are procured by listing our advertisements on different portals and the car owners reach out to us to sell the cars.
- We have a team dedicated to the valuation of the business.
- We sell an average of 35 cars per month.
- Currently, we operate from one outlet and plan to open a new outlet.
- We have a high number of employees as we need a valuation team and a maintenance team.
- The sales of business have increased as we have increased due to an increase in advertising.
- Promoters have 15 years of experience in the industry.
- We have the registration and GST certificate.
Products & Services Overview
We deal with preowned cars. Maruti and Hyundai cars are mostly demanded cars.
Assets Overview
We have cars worth INR 3 crores, office equipment and and stockyard equipment worth INR 50 lakhs.
Facilities Overview
We have one showroom, one stockyard and one office. All three are in rent. These facilities are located in Satya Vihar. The facilities have a combined space of over 2,000 Sq. Ft.
Capitalization Overview
- There are two shareholders in the business with 60%-40% shareholding.- The business has INR 1 crore debt from a family friend. We took a CC of INR 1 crore from BOI.
Recent Activity
-
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
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