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Beauty Salon Seeking Loan in Port Moresby, Papua New Guinea

Barber shop in Port Moresby with 10+ customers/day seeks funds to extend into salon services.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Other
Reported Sales USD 8 thousand
Run Rate Sales USD 28 thousand
EBITDA Margin 30 %
Industries Beauty Salons
Locations  Port Moresby
Local Time 5:42 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 20 thousand for 6.0% annual interest, 4 years (Native Currency: PGK 75,000)
Reason: Require funds to expand into salon and spa.
Collateral Available: USD 26 thousand
Includes physical assets worth USD 26 thousand
Name, Phone, Email
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Business Name
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Documents
Business Overview

- Barber shop in a prime location of Port Moresby.

- Extensive clientele, including famous politicians and bureaucrats.

- Promoters bring over 10 years of experience to the business.

- Average customer count of 10 or more per day.

- Service pricing ranges from PGK 35 to 100.

- Possession of essential licenses: TAX ID, certificate of good standing, and business registration.

- Current employee count is necessary to manage the growing demand.

Products & Services Overview

Hair cut, hair coloring, hair massages.

Customers are from Port Moresby and ex-pats.

Assets Overview

Assets include:

Furniture, fixtures, equipment among others. All the assets are in the form of equipment and fixtures, hence we need funds.

Facilities Overview

The facility is located in the North of Port Moresby.

The sq ft area is 8m*7m.

The rent per month is PGK 6k.

Capitalization Overview

4 shareholders.

No loans or debts.

Self funded operation.

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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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