Lubricants Business Raising Funds In Bangalore
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Product / Service
They specialize in engine oils and various lubricating products, catering to the automotive industry with high-performance lubricants designed to meet diverse engine and machinery needs
Clientele type
They serve automotive distributors, dealers, and service centers. Their products are widely used by professionals in the automotive sector, ensuring smooth engine performance and longevity.
Premises
LEASED
Lease per month (in INR): 12.00 K
Security Deposit (in INR): 80.00 K
Carpet Area: 1,200 sq ft
Asking Price Includes
The asking price includes deposit, machine, and packing material.
Asking Price
INR 8.00 L
Minimum ticket size
INR 8.00 L
Reason
The promoter wants to grow the business by offering credit to distributors, with or without a bank guarantee, to increase sales and boost distributor confidence.
Other Details
They have started this business in 2021 and the facility is spacious, offering ample room for loading and unloading goods, along with space to establish a retail outlet and office, enhancing operations and customer service.
Currently, one executive handles sales and client relations on a commission basis. To expand the business, they plan to support distributors by offering credit, either backed by a bank guarantee or, in some cases, without one. This strategy is designed to build distributor confidence and accelerate sales growth in the market.
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₹10 to ₹200 Cr
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