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Coffee and Tea Company Seeking Loan in Averoy, Norway

Importer of organic coffee products from Africa, processing and supplying to dealers, coffee shops, breweries.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Public Limited Company
Reported Sales Nil
Run Rate Sales USD 57 thousand
EBITDA Margin 0 - 10 %
Industries Coffee and Tea
Locations  Averoy
Local Time 7:58 PM Europe / Oslo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 14 thousand for 10.0% annual interest, 2 years (Native Currency: NOK 150,000)
Reason: Funds are required for working capital and expanding our business in Sweden, Finland, and Denmark. W... View More
Collateral Available: USD 0
Includes physical assets worth USD 4.7 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Our business is engaged in processing and roasting of coffee and tea. Majorly focusing on coffee as of now.
- We are currently importing coffee beans from Africa. We have tied-up with contacts in Africa for the same.
- Process and roast the coffee in Norway and we have a processing capacity of 20 ton of coffee per year.
- We are supplying to coffee shops, breweries, and dealers. Have a customer database of 100 customers.
- Business has no outstanding loan and is run by a sole owner.
- We are working with Averøy municipality today, where we have great support. We also work closely with Innovation Norway. We now have fixed agreement with the Britannia Hotel in Trondheim for all coffee products.
- We did not report any revenue last year as we had problems with our first delivery from Africa and our goods were delayed by 6 months due to Covid.
Products & Services Overview
Processing and roasting of coffee and tea.
Assets Overview
We have tools and equipment 50,000 NOK, and we have leased 2 cars.
We also have our own brand name with the patent.
Facilities Overview
500 sq. ft. rented storage lot for our stock.
Capitalization Overview
Not Disclosed
Recent Activity
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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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