€715,000
5%
84 months
B
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Location
Ederveen, Netherlands
Activity
Commerce
Presentation of the company
Created in 1928, Autobedrijf Wagtho is active in the sales and maintenance of motor vehicles. The company, based in Ederveen, has 4 employees. Since 2011 it is managed by Thomas Wagtho.
Main activities:
- Sales of used cars
- Car services and maintenance
- Sales of new cars on demand
The company is affiliated with Bosch Carservice, which means that repairs of all brands can be performed and the manufacturer’s warranty remains valid.
Project description
The company requests € 715,000 over 84 months with 1 months deferred period to finance a real estate and to refinance two active loans. The company has the opportunity to buy a real estate for € 325,000. This deal includes a first priority mortgage on the new and currently owned property, total is valued at € 1,370,000. The property includes; the garage, office, showroom, company residence and ground around the real estate. Besides the purchase of the building for € 325,000, two loans with a total amount of € 447,000 will be refinanced. With this refinancing, October can have the first priority mortgage on the full property. The other amount will be used for working capital. This project will be realised next month. The amount offered on the platform is limited to € 350,340 which is in line with the regulatory limits.