↩ Go Back
Need help?

Auto Dealer Seeking Loan in Jhunjhunu, India

Electric vehicle dealership selling three-wheelers with 150 units sold last year looking for loan.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 220 thousand
Run Rate Sales USD 220 thousand
EBITDA Margin 20 %
Industries Auto Dealers
Locations  Jhunjhunu
Local Time 9:55 PM Asia / Kolkata
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 60 thousand for 11.0% annual interest, 5 years (Native Currency: INR 5,000,000)
Reason: We need to extend our business and the money we borrowed from the market has a very high interest ra... View More
Collateral Available: USD 0
Includes physical assets worth USD 60 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
LOI
LOI
Business Overview

- The business operates in the electric vehicles industry, specifically selling electric scooters and electric three-wheelers & servicing the same headquartered in the Jhunjhunu district.

- The company has a total of eight employees and operates through four outlets in the district, with an average monthly sales volume of 15 to 20 units. In the previous year, the company achieved sales of over 150 units.

- Their flagship product, the Mayuri grand e-auto, is particularly popular among auto drivers for passenger transportation, highlighting a potential niche market within the broader electric vehicle segment.

- The business is strategically positioned to capitalize on the increasing demand for electric vehicles, aligning with the global trend towards sustainable and environmentally friendly transportation solutions.

- The business's localized presence in the Jhunjhunu district & it's presence in 4 other districts namely chirawa, singhana and neem ka thana provides a strong foundation for establishing a loyal customer base, potentially offering a competitive advantage in the regions.

- Given the increasing emphasis on reducing carbon emissions and the growing popularity of electric vehicles, the company's offerings are well-aligned with broader market trends,

Products & Services Overview

Our top product includes the Mayuri grand e-auto used by auto drivers for passengers. We also sell electric scooters.

Assets Overview

Tangible assets include stock of 25 e rickshaw, 20 e scooter, 30 cycles, 100 pairs of tires and spare parts.

Facilities Overview

4 shops leased at Jhunjhunu, chirawa, singhana and neem ka thana with adequate space for sale and service of vehicles.

Capitalization Overview

Business is a sole proprietorship, funded by state Bank of India and some money lent from market and finance companies which are financing our products.

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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

14 Investors viewed this Business.
Register below to connect now!

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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more