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Convenience Store Seeking Loan in Tanza, Philippines

Community focused convenience store looking for loan, boosting daily-essentials, enhancing product range and local relationships.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 16.2 thousand
Run Rate Sales USD 3.9 thousand
EBITDA Margin 0 - 10 %
Industries Convenience Stores
Locations  Tanza
Local Time 7:11 AM Asia / Manila
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 2.43 thousand for 7.5% annual interest, 3 years (Native Currency: PHP 150,000)
Reason: - To upgrade our business by increasing our daily purchases and stock maintenance. -We’re requestin... View More
Collateral Available: USD 810
Includes physical assets worth USD 1.86 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Located in Tanza, our store offers a wide selection of rice, canned foods, fresh meats, vegetables, and fruits.
- We serve our friendly neighborhood, catering to everyday grocery needs.
- With only one dedicated employee, we maintain a personalized shopping experience for our regular customers.
- We pride ourselves on providing fresh and quality products, double-checking every item before delivery.
- Customers can easily place orders through our online posts and enjoy free delivery right to their doorstep.
- We currently have 25+ loyal clients who visit the shop and 15+ online delivery depends on us for their daily essentials.
- Our business model allows us to make money through direct sales and delivery services.
- We focus on building strong relationships with our neighbours, ensuring they always receive great customer service.
- Previously sales were strong but due to other shops springing up and copying the concept our sales have dropped. Thus, plan to increase or expand the product range and improve the display to attract more attention from customers.
Products & Services Overview
Rice and canned foods are favorites among our regular customer neighbors.
Assets Overview
- Tangible assets: Furniture, TV, Stands and 4 racks.
3 Refrigerators.
- Intangible assets: Business registration certificate, Loyal customer base.
Facilities Overview
Just outside our own house, we have a small, owned shop covering an area of 10 sq. m, with a roof and shelves or racks for displaying products. It’s all on one floor and isn’t under any rental.
Capitalization Overview
The business previously took a loan of PHP 50,000 from BPI Bank at a 15% interest rate. It has been fully paid off, leaving no remaining balance. There are no other partners, as it is a sole proprietorship.
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22 Investors viewed this Business this week. Register below to connect now!
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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