↩ Go Back
Need help?

Used Car Dealers Business Seeking Loan in Balasore, India

Used commercial and domestic vehicle showroom in Balasore that sells 20+ vehicles monthly.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 500 - 600 thousand
Run Rate Sales USD 300 thousand
EBITDA Margin 10 - 20 %
Industries Used Car Dealers
Locations  Balasore
Local Time 5:43 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 15.0% annual interest, 5 years (Native Currency: INR 5,000,000)
Reason: Funds are required for business expansion and working capital requirements.
Collateral Available: USD 0
Includes physical assets worth USD 110 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
GST Certificate
Business Overview

- We are one of the first used vehicle showrooms in Balasore.

- Our showroom has a large client base from all over Odisha.

- We sell around 20 to 27 vehicles every month.

- We only deal in 4-wheelers.

- Our business experienced a reduction in the run rate sales due lack of working capital.

Products & Services Overview

We deal in all kinds of used car of brands such as Maruti, Mahindra, Toyota, etc.

Now we are planning to expand this online through our own website so that we will be able to capture the whole Odisha market through our own platform.

Assets Overview

Physical assets include more than 30-35 vehicles in the showroom.

Facilities Overview

Our facility is having an office area of 1,200 sq ft with additional space for vehicle storage of 3,000 sq ft. We have a rented showroom.

Capitalization Overview

The business is funded by owners' capital. The company has one owner with a 100% stake in the company. The business does not have any outstanding liabilities.

Recent Activity
  • Earlier than 15 days
    Director, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
  • Earlier than 15 days
    Founder, Mumbai, Financial Consultant connected with the Business
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

3 Investors already contacted 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