Used Car Dealers Company Seeking Loan in Bhubaneswar, India

- We sell and purchase used cars in Odisha.

- On average we procure 45 cars per month.

- The cars are procured by listing our advertisements on different portals and the car owners reach out to us to sell the cars.

- We have a team dedicated to the valuation of the business.

- We sell an average of 35 cars per month.

- Currently, we operate from one outlet and plan to open a new outlet.

- We have a high number of employees as we need a valuation team and a maintenance team.

- The sales of business have increased as we have increased due to an increase in advertising.

- Promoters have 15 years of experience in the industry.

- We have the registration and GST certificate.

We deal with preowned cars. Maruti and Hyundai cars are mostly demanded cars.

We have cars worth INR 3 crores, office equipment and and stockyard equipment worth INR 50 lakhs.

We have one showroom, one stockyard and one office. All three are in rent. These facilities are located in Satya Vihar. The facilities have a combined space of over 2,000 Sq. Ft.

- There are two shareholders in the business with 60%-40% shareholding.

- The business has INR 1 crore debt from a family friend. We took a CC of INR 1 crore from BOI.