Home Furnishings Wholesale Business Seeking Loan in Aparri, Philippines
Furniture and appliances dealership seeking a loan for expansion into eco-friendly manufacturing of plyboard.
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 2 million |
| Run Rate Sales | USD 2 million |
| EBITDA Margin | 10 % |
| Industries | Home Furnishings Wholesale |
| Locations | Aparri |
| Local Time | 5:37 PM Asia / Manila |
| Listed By | Management Member |
| Status | Recently Active |
Seeking Loan
USD
430 thousand
for
16.0%
annual interest,
5
years
(Native Currency: PHP 25,000,000)
Reason: We are seeking a loan for a new manufacturing project, after securing the loan we will buy land of a...
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Collateral Available: USD 85 thousand
Includes physical assets worth
USD
85 thousand
Interested to connect with advisors
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Business Name
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Business Overview
1. Furniture dealership business that sells a multi-brand range of products and brands including wardrobe cabinets, plastic products, furniture, and electric appliances, to distributors and resellers.
2. Location and Employees: The business is located in Cagayan Valley, providing access to a local market and potential expansion opportunities within the region.
- Apart from the 7 full-time employees the business also employs 10 contractual employees.
3. Unique Manufacturing Proposal: Apart from the furniture dealership we are considering venturing into the manufacture of plyboard from rice husk, which would be a pioneering initiative in the Philippines.
4. Market Potential: Approximately 120 million kilograms of rice husk goes to waste annually in the Philippines. By using rice husk waste, the business aims to tap into a significant market opportunity.
5. Eco-Friendly Approach: The proposed manufacturing process aims to produce eco-friendly products such as plyboard, furniture, and other household items like spoons, forks, and plates. , chopsticks, and chopping boards, offering customers affordable and sustainable alternatives.
6. Financial Projections: The business anticipates a minimum annual sales range of PHP 100 million to PHP 150 million upon reaching full production capacity, with a projected profit margin of 35%.
7. Investment Opportunity: The owner is open to offering investors a share of the net profit for future sales for a specified period. (15% for 15 years)
8. We are a duly compliant company with all the necessary certificates and licenses.
2. Location and Employees: The business is located in Cagayan Valley, providing access to a local market and potential expansion opportunities within the region.
- Apart from the 7 full-time employees the business also employs 10 contractual employees.
3. Unique Manufacturing Proposal: Apart from the furniture dealership we are considering venturing into the manufacture of plyboard from rice husk, which would be a pioneering initiative in the Philippines.
4. Market Potential: Approximately 120 million kilograms of rice husk goes to waste annually in the Philippines. By using rice husk waste, the business aims to tap into a significant market opportunity.
5. Eco-Friendly Approach: The proposed manufacturing process aims to produce eco-friendly products such as plyboard, furniture, and other household items like spoons, forks, and plates. , chopsticks, and chopping boards, offering customers affordable and sustainable alternatives.
6. Financial Projections: The business anticipates a minimum annual sales range of PHP 100 million to PHP 150 million upon reaching full production capacity, with a projected profit margin of 35%.
7. Investment Opportunity: The owner is open to offering investors a share of the net profit for future sales for a specified period. (15% for 15 years)
8. We are a duly compliant company with all the necessary certificates and licenses.
Products & Services Overview
The existing products of the business include:- Wardrobe cabinet, plastic products, electric appliances, and furniture.
- This is sold to distributors/resellers.
- The end users of the products are individuals.
Assets Overview
The tangible assets of the business are:- 3 Trucks - 32 feet, 16 feet, and 14 feet long worth PHP 2.8 million.
- A BMW car worth PHP 1.3 million,
- A 213 sq feet of land worth 1 million.
Facilities Overview
- The warehouse is owned by the owner and has an area of 600 square feet.- It is located in Luzon.
Capitalization Overview
- The business has no loans.- The business is a sole proprietorship.
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