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Auto Repair and Service Business Seeking Loan in Nassau, Bahamas

Automotive business in Nassau specializing in sales, repairs, import/export, and accessories, seeking funding for expansion.

Established 10-20 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 30 thousand
Run Rate Sales USD 33.6 thousand
EBITDA Margin 20 - 30 %
Industries Auto Repair and Service
Locations  Nassau
Local Time 1:32 AM America / Nassau
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 30 thousand for 8.0% annual interest, 2 years (Native Currency: BSD 30,000)
Reason: To purchase new equipment for the business to enhance customer service and ensure timely loan repaym... View More
Collateral Available: USD 0
Includes physical assets worth USD 3.5 thousand
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Business Overview
- The business is a dynamic vehicle-centric company specializing in sales, import & export, maintenance, and accessories, strategically located in Nassau.
- Currently a mobile business but poised for expansion with a vision to acquire a 1-acre property—a vital next step already receiving approval.
- Offering a diverse range of automotive services, the business deals in quality repair parts, vehicle repairs, and direct vehicle sales catering to a varied demographic, ensuring broad appeal.
- Holding a robust clientele base of over 250 customers, the business has built a sound reputation for reliability and trust in the local vehicle sales and maintenance market.
- The majority of sales come from vehicle repair services, serving around 10-25 customers per week.
- With a current annual income of BSD 30,000, the business has the potential to more than double this figure, with projections indicating a potential annual income of BSD 72,000 upon expansion.
- The enterprise is actively seeking investment to capitalize on increasing market demand and enhance operational capabilities in vehicle maintenance and accessory sales.
Products & Services Overview
Offers a comprehensive range of automotive products and services, including the sale of high-quality repair parts, vehicle repairs tailored to individual customer needs, and the sale of vehicles to a diverse clientele of young, middle-aged, and older men and women.
Assets Overview
Physical assets include the equipment, tools and inventory.
Facilities Overview
No dedicated office facility, operating from a mobile unit in St. Pastel Gardens House, Nassau.
Capitalization Overview
Self-funded.
No outstanding loans.
There is 1 owner in the business.
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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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