Newly Established Biomass Fuels Company Seeking Loan in Šiauliai, Lithuania

Firm engaged in the trading of wood and biomass fuels seeking capital to acquire a shipping firm.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 324 thousand
EBITDA Margin
25 %
Industries
Biomass Fuels + 1 more
Local Time
5:08 AM Lithuania
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Loan
USD 6 million for 15.0% annual interest, 10.0 years (Native Currency: USD 6,000,000)
Reason: To acquire an oil shipping company. The assets of the acquired firm which is valued around USD 6M ca... View More
Collateral Available: USD 0
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview

- Engaged in the trading of wood and biomass products.

- We sell both high-quality wood for use in furniture as well as lower quality wood for heating purposes.

- Also sell biomass for using in heating.

- Primarily sell to dealers in Malaysia, Germany and Ireland.

- Source the products from manufacturers from Lithuania, Ukraine and Belarus.

- Business has already secured orders worth USD 370,000 for the next year.

- Sales were impacted negatively last year as the promoter met with an accident and the business was non-operational for a period of 6 months.

- Business intends to enter the heating oil trading business and has identified an attractive acquisition of an oil shipping firm.

- The acquisition price for the firm is USD 8M and the owner can contribute USD 2M in his personal capacity.

- The promoter intends to finance the remaining acquisition price through a loan.

- Also open to an equity investment.

Products & Services Overview

Wood (Both high grade and low grade) and Biomass fuels.

Facilities Overview
Recent Activity
  • Earlier than 15 days
    CEO, Milan, Business Broker connected with this business
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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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