Last Mile Delivery Business Seeking Loan in Dubai, UAE
Bike delivery service with B2B contracts with food delivery aggregators seeks funding to buy bikes.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 50 thousand |
| EBITDA Margin | 7 % |
| Industries | Last Mile Delivery |
| Locations | Dubai |
| Local Time | 2:28 AM Asia / Dubai |
| Listed By | Management Member |
| Status | Active |
Seeking Loan
USD
19 thousand
for
10.0%
annual interest,
2
years
(Native Currency: AED 70,000)
Reason: To get more bikes for the riders.
Collateral Available: USD 0
Includes physical assets worth
USD
6.8 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Professional License
(44.1 KB)
Business Overview
- B2B bike delivery service that provides bike riders for Uber and Talabat.
- The company has contracts with Uber.
- We get AED 3,800/rider from Uber and we pay around AED 2,800 as salary to the driver.
- The operating profit retained is between AED 200-300.
- The business's local sponsor owns 51% while the other owner holds 49% of the business.
- No loans taken by the business.
- We have another successful delivery business with almost 55 riders that was started 6 years ago. We started this new company this year and are seeking funds solely for its growth and expansion.
- Our network and goodwill with the older business have helped us get good B2B leads for this new venture.
- The company has contracts with Uber.
- We get AED 3,800/rider from Uber and we pay around AED 2,800 as salary to the driver.
- The operating profit retained is between AED 200-300.
- The business's local sponsor owns 51% while the other owner holds 49% of the business.
- No loans taken by the business.
- We have another successful delivery business with almost 55 riders that was started 6 years ago. We started this new company this year and are seeking funds solely for its growth and expansion.
- Our network and goodwill with the older business have helped us get good B2B leads for this new venture.
Products & Services Overview
B2B contracts to provide bike delivery service through food delivery aggregators like Uber, Talabat, Delivero, and Careem.
Assets Overview
The business owns four bikes, maintenance equipment, and office furniture.
Facilities Overview
Having a small office currently in Deira Dubai which is 2 rooms.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysIndividual, Investor, Abu Dhabi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysAssociate, Food Ordering Platform, Dubai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder And Chief Solutions Officer, Dubai, Financial Consultant connected with the Business
Tags:
Newly Established Hyperlocal Delivery Business Seeking Loan in Dubai, United Arab Emirates
·Newly Established Last Mile Delivery Business Seeking Loan in Dubai, United Arab Emirates
·Lend to Newly Established Hyperlocal Delivery Business in Dubai, United Arab Emirates
·Lend to Newly Established Last Mile Delivery Business in Dubai, United Arab Emirates
·Newly Established Hyperlocal Delivery Business Seeking Loan
·Newly Established Last Mile Delivery Business Seeking Loan
·Lend to Newly Established Hyperlocal Delivery Business
·Lend to Newly Established Last Mile Delivery Business
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
1 Investor contacted this Business this month.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 124,000+ other businesses of all sizes.
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