Business Overview
- 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.
Products & Services Overview
We deal with preowned cars. Maruti and Hyundai cars are mostly demanded cars.
Capitalization Overview
- 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.
Assets Overview
We have cars worth INR 3 crores, office equipment and and stockyard equipment worth INR 50 lakhs.
Seeking Loan
USD
240 thousand
for
24.0%
annual interest,
5
years
(Native Currency: INR 20,000,000)
Reason:
Looking for funds to open a new outlet. We can pay a higher interest rate due to our high sales. We ...
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Collateral Available: USD 240 thousand
Includes physical assets worth
USD
400 thousand
Interested to connect with advisors
In talks with 1 Investor
Contact Business