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Consumer Electronics Company Investment Opportunity in Lagos, Nigeria

Fast growing online retail company selling various products ranging from electronics, phones, fashion and more.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 22 thousand
Run Rate Sales USD 30 thousand
EBITDA Margin 12 %
Industries Consumer Electronics + 1 more
Locations  Lagos
Local Time 2:53 AM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 6.5 thousand for 10.0% stake (Native Currency: NGN 3,000,000)
Reason: This investment will provide the following; - Working capital for Pay Later orders. Pay later order... View More
Includes physical assets worth USD 1.3 thousand
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Business Overview

- Fast-growing online retail company selling various items.

- Newly designed and built app for android and mobile phones.

- Online shopping app is available on both Google Android and Apple stores.

- One of the first online retailers to offer our customers the technology that allows them to pay in installments using our "Pay Later" option.

- Grew from just 4,000 registered users last year to 15,000 registered users currently.

- Our online shopping app has almost 37K downloads on Google Play and almost 1k on the Apple store.

- Over 60m worth of items sold over the past calendar year.

Products & Services Overview

- Sale of electronics and household appliances, mobile phones, electronics, power and solar products, fashion and more.

- We have a pay-later option allowing customers to purchase an item on the platform and spread their repayments.

- Affiliate program.

Assets Overview

One motor bike for delivery.

5 laptops.

1 mobile phone.

Website and all hosting features.

Mobile app.

Patent to pay later technology.

Facilities Overview

Rented office in the heart of Lagos State, Nigeria.

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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