Florist Seeking Loan in Hawally, Kuwait
Kuwait based florists with 20+ monthly clients selling 300+ types of flowers seek funds.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 2.75 million |
| Run Rate Sales | USD 1.57 million |
| EBITDA Margin | 25 % |
| Industries | Florists |
| Locations | Hawally |
| Local Time | 12:51 PM Asia / Kuwait |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
650 thousand
for
6.0%
annual interest,
3
years
(Native Currency: KWD 200,000)
Reason: We seek one opportunity to make a comeback in the market and increase our sales. We possess the pote...
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Collateral Available: USD 0
Includes physical assets worth
USD
330 thousand
Interested to connect with advisors
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Business Overview
- Company offers an extensive selection of over 300 types of fresh cut flowers, making us a prominent flower shop known for our quality and variety.
- We maintain a clientele of around 30 to 40 (client base) dedicated wedding and event planners, which allows us to foster strong partnerships and ensures a steady demand for our distinctive and high-quality floral designs.
- In addition to serving event planners, we have secured contracts with two prestigious hospitals.
- With 15 years of experience in the floral industry, our promoter possesses deep knowledge of market trends, customer preferences, and effective floral design techniques.
- We hold a valid incorporation license.
- Each month, we serve approximately 20 regular clients, building long-lasting relationships based on trust and reliability in delivering exceptional floral products.
- Our robust supplier network consists of 10 reputable suppliers, enabling us to source the freshest and most exotic flowers and ensuring quality and diversity in our offerings.
- There was a slight drop in sales this year since we had to buy out some shareholders, resulting in less cash for the business.
- Our team size is small because we operate with a highly efficient workflow and extensive experience.
- We maintain a clientele of around 30 to 40 (client base) dedicated wedding and event planners, which allows us to foster strong partnerships and ensures a steady demand for our distinctive and high-quality floral designs.
- In addition to serving event planners, we have secured contracts with two prestigious hospitals.
- With 15 years of experience in the floral industry, our promoter possesses deep knowledge of market trends, customer preferences, and effective floral design techniques.
- We hold a valid incorporation license.
- Each month, we serve approximately 20 regular clients, building long-lasting relationships based on trust and reliability in delivering exceptional floral products.
- Our robust supplier network consists of 10 reputable suppliers, enabling us to source the freshest and most exotic flowers and ensuring quality and diversity in our offerings.
- There was a slight drop in sales this year since we had to buy out some shareholders, resulting in less cash for the business.
- Our team size is small because we operate with a highly efficient workflow and extensive experience.
Products & Services Overview
- Florists in Hawally selling 300+ types of flowers.- Our speciality lies in Holland exotic flowers, catering primarily to wedding and event planners who are always on the lookout for unique and exceptional floral arrangements to impress their clients.
Assets Overview
We own a total of 3 large, refrigerated trucks, 2 Toyota Lite Ace vans, and one Fortuner valued at KWD 85,000. Additionally, we have a store equipped with a cold room and a small cooler, along with 5 desktop computers and 5 laptops worth KWD 15,000. Our Instagram account has approximately 2,500 followers.
Facilities Overview
We operate 3 large, refrigerated trucks that make daily sales runs each morning, along with a small outlet that serves as our head office located in Hawally. From this location, we manage our sales and administrative functions, occupying a space of 500 square feet, with a monthly rent of KWD 550.
Capitalization Overview
Currently, the company is owned by 2 shareholders, holding shares in a 49:51 ratio, respectively. We have significant debts to suppliers totalling around KWD 350,000, and our total outstanding vehicle loan is approximately KWD 66,000.
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