Start Up

Importer of Used & Vintage Cars Start-up Seeking Funds

We are a start-up business in Mumbai focusing on importing second-hand and classic cars. We are seeking funds to launch our venture. Our initial research goals include understanding shipping and customs standards, necessary documents and regulations, import/export taxes, and general supply chain management. Our main goal is to succeed in the second-hand and classic car market. Over the next three to five years, we plan to expand into different products and locations. Initially, our business will operate like a "web store," with cars stored in our own garages. Eventually, we aim to invest in a showroom, garage, or office building. We need funds to cover the cost of cars, including taxes, fees, and other expenses. Once these initial cars are sold, we will reinvest the profits into more imports. When trading cars between EU countries, there are no customs duties. However, for imports from outside the EU, a 22% value-added tax (VAT) applies to the purchase price plus transport costs. Importing cars from within the EU involves fewer regulations and taxes.

MumbaiMaharashtra
Trading Business Category
Import & Export Sub Category
Business Owner Business Listed By

Overview

We are a start-up business in Mumbai focusing on importing second-hand and classic cars. We are seeking funds to launch our venture. Our initial research goals include understanding shipping and customs standards, necessary documents and regulations, import/export taxes, and general supply chain management. Our main goal is to succeed in the second-hand and classic car market. Over the next three to five years, we plan to expand into different products and locations. Initially, our business will operate like a "web store," with cars stored in our own garages. Eventually, we aim to invest in a showroom, garage, or office building. We need funds to cover the cost of cars, including taxes, fees, and other expenses. Once these initial cars are sold, we will reinvest the profits into more imports. When trading cars between EU countries, there are no customs duties. However, for imports from outside the EU, a 22% value-added tax (VAT) applies to the purchase price plus transport costs. Importing cars from within the EU involves fewer regulations and taxes.

Trading Business Import & Export

Business Details

2024 Year of Commencement
N.A No. of Team Members
Ready-to-Launch Current Stage of Startup
YesBusiness Relocatable
Expansion Purpose of Investment
Active Investor Role
N.A Previous Investment Infused
Angel Investment Investment Required As

Proposed Deal Structure

N.A

Summarize your Idea/Business

We are a start-up business in Mumbai focusing on importing second-hand and classic cars.

Key Highlights

Our main goal is to succeed in the second-hand and classic car market. Over the next three to five years, we plan to expand into different products and locations.

Future Potential

Very High

Team Overview

N.A

Competition / Market

Yes we have some

Financial Details

EBITDA :- N.A PAT :- N.A Debt :- N.A

How the Acquisition Process Works

  1. 01Contact SellerContact Seller
  2. 02Teaser/Information MemorandumTeaser/Information Memorandum
  3. 03Valuation ReportValuation Report
  4. 04FinancialsFinancials
  5. 05Schedule an Advisory MeetingBook Your Consultation

Keywords

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