↩ Go Back
Need help?

Freight Forwarder Seeking Loan in Dubai, United Arab Emirates

Freight forwarder in Dubai that has 200+ clients and also has presence in southern Africa.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 2 - 3 million
Run Rate Sales USD 3.3 million
EBITDA Margin 0 - 10 %
Industries Freight Forwarder
Locations  Dubai
Local Time 3:44 PM Asia / Dubai
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 270 thousand for 15.0% annual interest, 4 years (Native Currency: AED 1,000,000)
Reason: - Expansion: Open an office in Botswana and Zambia respectively. - Improve cash flow facility to ma... View More
Collateral Available: USD 40 thousand
Includes physical assets worth USD 70 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Company provides freight forwarding services for the movement of heavy machinery, construction materials and equipment through air and sea.

- We have tie-ups with 6 air logistics and 4 sea logistics companies.

- Have 17+ permanent clients in Dubai who imports & exports regularly and we take care of their customs and freight forwarding activities.

- Additionally, we have 150+ clients in Zimbabwe, 8 clients in Zambia, and 7 clients in Botswana who imports regularly from Dubai and we undertake their freight forwarding activities.

- African market has a huge opportunity for freight forwarders and as a result, we have set-up an office in Zimbabwe. We also plan to set-up offices in Zambia and Botswana.

- The office in Zimbabwe only provides us leads / customers from southern Africa who wants to import goods from Dubai and then we undertake the freight forwarding process.

- Apart from receiving freight forwarding orders directly from our clients, we have also established tie-ups with 350 other freight forwarders based in 75 countries who provide us referral orders. We have good & friendly relation with all our international tie-ups.

- Generate 80% of sales through direct orders and remaining 20% sales through referral orders.

- Company has won 2 awards and both of them were awarded by Asian Logistics Leadership Award.

Award 1: Best Logistics Service Provider (Project Cargo and Heavy Lift)

Award 2: Best End to End Customer Service Award.

- Founder of the company has more than 23 years of experience in this industry.

- Our run rate sales have dropped due to the impact of COVID-19.

- Our company website is currently under renovation and will be back live in about 2 week.

Products & Services Overview

Freight forwarding through air, sea, consolidation (air & sea), customs clearing, shipping of heavy machinery & special equipment, charter/bulk vessel, also provide small warehousing and distribution within UAE.

Assets Overview

Business owns 3 vehicles, 5 computers, 5 laptops, office furniture and IT equipment.

Facilities Overview

1. Leased office cum small warehousing facility in Dubai. The facility is spread on ground and mezzanine floor. Ground floor has a carpet area of 2,130 sq ft and mezzanine floor has a carpet area of 710 sq ft.

2. Rented office of 500 sq ft in Harare, Zimbabwe. This office is registered under a separate legal entity in Zimbabwe and they only provide us leads / customers.

Capitalization Overview

- There are 3 shareholders in the business. The shareholding is 39%, 10%, and 51%.

- The business is currently funded by the business operations. We have a 30-day credit payment system. Once we receive the payment, the profit earned is put back to be used as working capital.

Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business

2 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.
You might also be interested in these businesses

    Frequently
    Asked
    Questions

    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more