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Newly Established Resort Seeking Loan in Corgao, India

Seeks loan to expand: Resort provides various adventure activities and receives 20 customers per day.

Established 0-1 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 43 thousand
EBITDA Margin 40 %
Industries Resorts
Locations  Oros + 1 more
Local Time 10:03 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 360 thousand for 20.0% annual interest, 3 years (Native Currency: INR 30,000,000)
Reason: We are looking for a loan to renovate the already existing restaurants and floating tents in a premi... View More
Collateral Available: USD 0
Includes physical assets worth USD 80 thousand
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Business Overview

- Very popular in Corgao, Goa for providing floating camping, crocodile trips, kayaking, and fishing trips.

- The business was built to grow on a much larger scale, we are operational now but on a smaller scale.

- We have developed good connections in our locality and licensing the place is easy.

- The business receives around 20 customers per day.

- Our basic package for the customer is INR 1,799 which includes a boat ride, crocodile trip, barbeque, optional kayaking, and camping.

- Once the investment is brought in the construction can be completed in a span of 10 months.

- We have financial projections done by a professional and we can pay a maximum of 20% interest on the loan amount of INR 3cr.

Products & Services Overview

Floating huts.

Treehouse.

Restaurant.

Water sports.

Island trips.

Wildlife tourism.

Sauna.

Adventure experiences.

Assets Overview

Boat, kayak, floating tents, and open kitchen equipment.

Facilities Overview

We have 550 sqm of land that is owned by the family which is touching the river. The land is located in Sindhudurg, Maharashtra but the river comes to the jurisdiction of Corgao, Goa.

Capitalization Overview

There is only one owner in the business who has complete control.

The business does not have any loans or any other kind of debt.

Recent Activity
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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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