Jewelry Store Seeking Loan in Male, Maldives
Gold and silver jewelry store in Male with steady sales seeking business loan for expansion.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 780 thousand |
| Run Rate Sales | USD 1.17 million |
| EBITDA Margin | 2 % |
| Industries | Jewelry Stores |
| Locations | Male |
| Local Time | 7:57 PM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
324 thousand
for
12.0%
annual interest,
3
years
(Native Currency: MVR 5,000,000)
Reason: The owner is seeking a loan to expand a commercial pole-and-line fishing operation that focuses on s...
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Collateral Available: USD 0
Includes physical assets worth
USD
65 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Notification of Registration
(160.2 KB)
Business Overview
- Retail jewelry store in Male selling gold and silver jewelry sourced directly from India.
- Records daily walk-ins of 5–6 customers, with demand for both ready-made and custom-designed pieces.
- Offers rings, earrings, chains, and bracelets, along with made-to-order designs based on customer requirements.
- Operated by a single owner with one employee managing store operations.
- Fully owner-funded business with no loans outstanding.
- We have part-time staff supporting store operations and revenue generation, and since we deal in gold and silver, the average ticket size is high.
- Records daily walk-ins of 5–6 customers, with demand for both ready-made and custom-designed pieces.
- Offers rings, earrings, chains, and bracelets, along with made-to-order designs based on customer requirements.
- Operated by a single owner with one employee managing store operations.
- Fully owner-funded business with no loans outstanding.
- We have part-time staff supporting store operations and revenue generation, and since we deal in gold and silver, the average ticket size is high.
Products & Services Overview
Sells gold and silver jewelry to local walk-in customers, including customized pieces for repeat clients and tourists seeking personalized designs.
Assets Overview
Tangible assets include a sizable inventory of gold and silver jewelry; intangible assets include business registration certification.
Facilities Overview
Operates from a 20x20 sq. ft. retail outlet with a monthly rent of MVR 15,000.
Capitalization Overview
Fully owner-funded business with no loans outstanding.
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