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Men's Apparel Store Seeking Loan in Meegoda, Sri Lanka

Established clothing retailer expanding to a larger outlet, seeking funding for relocation and modern interiors.

Established 30-40 year(s)
Employees 5 - 10
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 150 thousand
Run Rate Sales USD 160 thousand
EBITDA Margin 0 - 10 %
Industries Men's Apparel Stores + 1 more
Locations  Meegoda
Local Time 8:13 AM Asia / Colombo
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 16.5 thousand for 15.0% annual interest, 4 years (Native Currency: LKR 5,000,000)
Reason: The business is relocating to a larger building to meet rising customer demand. Funding is required ... View More
Collateral Available: USD 5 thousand
Includes physical assets worth USD 265 thousand
Interested to connect with advisors
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Business Name
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Business Overview
- Established clothing retailer offering women’s, men’s, and children’s wear along with a wide range of accessories.
- Product mix includes casual wear, formal wear, party wear, school uniforms, and swimwear.
- Started over 30 years ago as a garment factory, transitioned into retail operations later on.
- Expanded 10 years ago by merging four shop units into one large outlet, significantly growing customer reach.
- Preparing to move into a bigger building with a modern, futuristic interior to match brand identity.
- Mission is to provide stylish, high-quality, and affordable clothing with excellent service in a welcoming environment.
- Strong supplier network with established vendors offering goods on credit.
- Founder brings deep industry knowledge, fashion sense, and experience in trend-spotting and product selection.
- The business operates with a valid operations license.
Products & Services Overview
Offers clothing and accessories for all demographics, women, men, and children. Customer base includes families, working professionals, students, and local community members seeking affordable, stylish, and durable fashion.
Assets Overview
Physical assets include:
- Inventory.
- A/Cs.
- Camera & security system.
- Mannequins.
- Computers.
- Printers.
- Furniture and fixtures.
- Other electrical appliances.
Facilities Overview
Operating from a ground floor outlet combining 4 shop units. Monthly rent: LKR 110,000.
Capitalization Overview
- Sole owner.
- No loans or liabilities.
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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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