Lighting Fixtures Business Seeking Loan in Antipolo, Philippines

- The business is focused on assembling and selling unique interlocking quadrilateral lamps (IQ) as its primary product.
- The IQ lamps are handcrafted without using any adhesive material, offering a unique and eco-friendly approach to lighting solutions.
- The raw material which is pre-cut material is imported from a manufacturer in Thailand.
- The owner has almost 17 years of experience in the industry, providing valuable expertise and insight.
- The average price of a lamp ranges from PHP 500 to 4000 based on size and customization. Customers may buy bulk orders worth PHP 1000+ to decorate their entire garden or home.
- The business began operations in 2008 and had a strong sales presence through trade shows, decor fairs, and online platforms prior to the pandemic, indicating a history of successful sales and market engagement.
- Revenue streams were generated through sales, rentals, workshops, and the Facebook marketplace.
- However, the business stopped its operations during the pandemic due to the owner's health.
- It has only restarted this month and the current run rate sales were earned solely through selling the products to a reseller in Manila, hence it is low.
- The sales have even reached around 1M PHP during the peak time of business pre-pandemic. This can be achieved by tapping into the previous revenue and marketing streams.