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Last Mile Delivery Business Seeking Loan in Malé, Maldives

Small supply business seeks a loan to resolve cash flow issues and acquire inventory.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 9.5 thousand
Run Rate Sales USD 12 thousand
EBITDA Margin 10 %
Industries Last Mile Delivery
Locations  Malé
Local Time 5:47 PM Indian / Maldives
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 50 thousand for 12.0% annual interest, 5 years (Native Currency: USD 50,000)
Reason: We require funds to: • Expand the business. • Resolve cashflow issues. • Keep a stock of branded ... View More
Collateral Available: USD 0
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Business Name
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Business Overview

- Business involved in last-mile delivery of goods to resorts and hotels.

- We procure products from local wholesalers and sell them at a markup and charge a nominal delivery fee.

- We have 1 resort as a client who requires 3 monthly trips of items with a value of around USD 500.

- Owner uses his personal motorcycle, the boat for delivery is supplied by the resorts/wholesaler.

- We have an Instagram page and a website to maintain the online presence of the business.

- Give a 30-day credit window to our clients.

- The proprietor runs the business completely on their own.

Products & Services Overview

Daily use and grocery products required by resorts and hotels.

Assets Overview

The business does not own any physical assets.

Facilities Overview

Have a rented office located in Male, Maldives.

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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.
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