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Apparel Store Seeking Loan in Port-au-Prince, Haiti

Non operational business specialized in printed unisex clothing, seeks loan to restart operations in Haiti.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales USD 5.3 thousand
Run Rate Sales Nil
EBITDA Margin Nil
Industries Apparel Stores
Locations  Port-au-Prince
Local Time 3:06 AM America / Port-au-Prince
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 3.8 thousand for 27.0% annual interest, 10 years (Native Currency: HTG 500,000)
Reason: Seeking funds to restart operations and for marketing. We will start paying interest from the profi... View More
Collateral Available: USD 0
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
MCI Registration
Logo of the Store
Business Overview
1. The business previously operated as screen-printed clothes selling company across Haiti and online.
2. The monthly production capacity was 500 units, indicating a consistent stream of income for the business.
3. Digital marketing used to play a crucial role in the business's operations, with a focus on platforms such as Facebook, WhatsApp, TikTok, and occasionally Instagram, in addition to traditional marketing methods like flyers.
4. The business used to sell a diverse range of products, including clothes, shirts, t-shirts (both oversized and crop tops), and dresses, targeting a demographic of young men and women, artists, and influencers.
5. A notable aspect of the business model is the procurement of clothes from Alibaba, which were then sent to a third party for screen printing with custom designs.
6. The proposed loan will be utilized to invest in new screen-printing machines and transition the printing process in-house.
7. Despite facing operational challenges in the previous year, the business aims to leverage the loan to restart and expand its activities.
Products & Services Overview
The business major's products included unisex clothes such as shirts, t-shirts, oversized (men, women) crop tops.
The major clients were young men and women, artists, and influencers.
Assets Overview
Business at the moment doesn't own any physical assets. Intangible assets include MCI registration.
Facilities Overview
The business used to operate a small rental shop where people can go and pick up the finished products.
Capitalization Overview
Business was funded by personal equity and finances provided by the company's sole owner and shareholder with vested interest. The business is debt free.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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