Listing Details : LB-14655

Investment Required 5 Crs
Turnover N.A
Legal Entity Private Limited
Category Trading Business
Sub Category Import & Export
Business Listed By Business Owner

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.

Year of Commencement

2024

No. of Team Members

N.A

Current Stage of Startup

Ready-to-Launch

Business Relocatable

Yes

Purpose of Investment

Expansion

Investor Role

Active

Previous Investment Infused

N.A

Investment Required As

Angel Investment

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

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