Hardware Store Seeking Loan in Hanimaadhoo, Maldives

- Location: The business is located at the upper north province in Maldives, catering to the local market and potentially serving the construction needs of the region.
- Business model: The company operates as a small hardware shop, specializing in selling bricks to construction companies, alongside offering construction services.
- Employee strength: Currently, the business is managed by 4 employees, with potential plans to expand the workforce to accommodate a growing demand for construction services.
- Footfall and revenue: The hardware shop experiences a footfall of approximately 200 customers per month, with an average order value of MVR 125, indicating a steady and consistent revenue stream.
- Growth potential: With plans to increase the workforce, the business aims to enhance its capacity to undertake more construction projects simultaneously, thereby potentially increasing its revenue and market presence.
- Market position: The company has established itself as a successful player in the local hardware and construction industry, maintaining a steady customer base and revenue stream.
- Expansion opportunity: The business has the potential for growth and expansion, particularly by diversifying its product offerings, enhancing its construction services, and potentially exploring new markets within the Maldives or beyond.
- Operational efficiency: Efforts to increase the workforce and streamline operations can contribute to maintaining the company's competitive edge and. Selling bricks to other construction companies. and construction works. Tangible assets:
- 2 brick machines.
- 1 concrete machine.
- Stock of hardware products. At the moment I have a 19*18 feet rented shop. But we have 3,000 sq ft of land owned by the promoter. With the right funding, we aim to open the shop on that land at some point. Do not have any loan at the moment. and I'm my company there is no shareholder. This is 100% my company.