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Used Car Dealers Business Seeking Loan in Chhindwara, India

Established auto sales and repair business in Central Chhindwara seeks debt funding.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 200 thousand
Run Rate Sales USD 220 thousand
EBITDA Margin 5 %
Industries Auto Repair and Service + 1 more
Locations  Chhindwara
Local Time 2:27 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 360 thousand for 8.0% annual interest, 3 years (Native Currency: INR 30,000,000)
Reason: We need funding of INR 3 crore to add more inventory which will help us scale the operation quickly.... View More
Collateral Available: USD 0
Includes physical assets worth USD 170 thousand
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Business Overview

- Used car dealership and complete auto service workshop.

- We have a 4-star rating and offer good after-service deals to maintain good relations with our customers.

- 16 years in this business indicates a great response to our work.

- Our prime goal is customer satisfaction and this aids our word-of-mouth marketing.

- For our workshop, we have about 100 fixed clients.

Products & Services Overview

- Used vehicle sale and purchase.

- Complete automotive workshop.

Assets Overview

Tangible assets include the 18-19 vehicles in inventory worth INR 1.15 crore.

The other assets include the workshop equipment worth INR 20-30 lakh.

Facilities Overview

Rented open parking of 25,000 sq. ft. for our vehicles and our auto workshop is in a rented space of 5,000 sq. ft. We are located in Central Chhindwara.

Capitalization Overview

- Sole proprietorship.

- We have self-funded the business and now have a business loan of INR 20 lakh and external funding of INR 30 lakh.

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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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