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.
Business Details
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
How the Acquisition Process Works
- 01Share Your RequirementsDefine your acquisition goals and preferences.
- 02Explore OpportunitiesReview curated businesses matching your criteria.
- 03Evaluate & ValueAnalyse financials, potential, and valuation.
- 04Due DiligenceVerify business, legal, and financial aspects.
- 05Complete AcquisitionNegotiate, close, and take ownership.