EV Distributor With 31Cr Topline Raising Debt In Chennai

Listing ID: SL015619
Posted By: Owner
Last Active: 1+ year ago
Verified User Information
emailEmail
phonePhone
googleGoogle
linkedinLinkedIn
facebookFacebook

About Business

Two wheeler EV Sales, Spares, Service and Distribution across TN & PY.

Clientele type

They have 3 EV showrooms and dealers in 25 districts.

Premises

LEASED

Lease per month (in INR): 3.00 L

Security Deposit (in INR): 20.00 L

Carpet Area: 7,600 sq ft

We have 3 Retail Showrooms. One in Maduravoyal (4400 sqft), One in Velachery (2200 sqft) and One in Sivakasi (1200 sqft). Apart from this, we are the sole distributor for vehicles and spares in TN & PY.

Asking Price Includes

Debt : 1-6 CR : 18% p.a(Negotiable) Repayment of Principal + Interest every month. Tenure : 3 Years.

1st Month 1.5 CR - We will show some mutually agreed upon turnover.

2nd Month 1.5 CR - We will increase the turnover to an agreed upon value.

3rd Month 3 CR - Final tranche.

Reason

They are projecting a revenue of 65 Cr for FY2023-24 and 120 Cr for FY2024-25, to meet these targets they are looking to raise funds.

More Details

Aiming to hit 120CR in next two years. currently a 31CR turnover company. They have hit the right moment to scale up, and they need to do it fast. They invite others to join them if they want to engage in an honest, transparent, and trustworthy relationship, with many more exciting ideas to be implemented in the future.

Business Tags

Automobile Distributor Electric Vechicle

₹10 to ₹200 Cr

Complete Investment Banking Solution in 120 Days

Seamless Fundraising/M&A transactions

Start your growth journey with our 25+ Years of Experienced Professional Team.

Contact IBGrid Team

You may also like

Ask Us Anything

To connect with the owner of this EV Distributor Dealer 31 Cr Topline Raising Funds In Chennai:
  • Register on IndiaBizForSale platform
  • Click on the “Contact Business” button on the business detailed page
  • Connect with the business owner directly
Note: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
Before buying a EV Distributor Dealer 31 Cr Topline Raising Funds In Chennai, check:
  • Growth prospects of the industry and business
  • Sales, profitability, and cash flow of the business should be considered
  • Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
  • Source of financing the purchase
  • Amount of additional investment that will be required to grow business
  • Does the business have a second-line of management?
  • Are you going to run the business on a day-to-day basis or appoint some professional for the same?
  • What decisions are to be taken to improve the profitability of the business?
  • Time period of payback or return is envisaged from the business?
  • Any long-term strategic benefit or synergy with your existing business?
  • Will the clients continue with the business after the acquisition?

The business opportunity is posted either by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published.

We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity may be put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks.

We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.

IndiaBiz offers:
  • Direct connection with owners
  • Advisory services like valuation, end to end deal management
  • Business preparation like preparing Information Memorandum, Pitch deck, etc.
If you have any queries or need help, our team is here for you. You can email us at [email protected].
Yes. Once connected, you can negotiate:
  • Deal structure (cash, equity, mix)
  • Transition timeline
  • Support during handover
  • Final consideration based on due diligence

As a seller, you are not allowed to contact another seller.

You cannot contact the seller as the Business Listing is On Hold

Error Occured

You cannot contact the seller as the Business is not available Anymore.

You cannot contact the seller as the Business is Sold.

Your mobile number is verified.
Your message will be sent after you have listed
your Buying requirements (takes 2-3 minutes).
Press Next.

Your message will be sent only after you have
verified your email-id. Please check your email.
Press Next.