8.1 / 10
 Mohali

Online equipment and gadgets rental service provider in Mohali is looking for an equity partner.

Key Business Facts
Yearly Sales USD 50 thousand
EBIDTA Margin Nil
Industries Consumer Electronics
Locations  Mohali
Business Overview
- Our business is into rental of camera and accessories, production or video shoot equipment, camping gears, and various event equipment.
- Started in 2019 in Mohali, currently providing services in three cities.
- Source the products from 15 suppliers. 90% of the inventory is outsourced and 10% is owned by the business.
- We pay 70% to the vendors and retain 30% of the amount collected from customers.
- Customers can place their orders on our website or via our mobile application.
- On average, we receive 150 to 200 orders per month and have 2,000 unique visitors on the website.
- Generate revenue by charging the clients for using the equipment on daily charge basis.
- Business is debt-free and has 4 shareholders, 2 of them hold 44% stake each in the company, one holds 10% equity stake and the other holds 2% stake in the business.
- Business is not generating any profit and is at break even because majority of the inventory is outsourced. Business has potential to generate more revenue by investing in inventory.
- Revenue can be further increased by expanding it to other cities as well.
Products & Services Overview
Rental of camera and accessories, production or video shoot equipment, camping gears, smoke machines and speakers used in events, as well as audio visual rentals.
Assets Overview
Laptop and inventory such as accessories and equipment.
Partial Stake Sale
USD 37 thousand for 88.0% stake (Native Currency: INR 3,100,000)
Reason: 2 co-founders are looking to exit the business due to other commitments. Willing to give away 88% sh... View More
Includes physical assets worth USD 7 thousand
In talks with 2 Investors
Contact Business