Newly Established Food Wholesale Company Seeking Loan in Male, Maldives
Snack distributor importing from India and Malaysia, with additional services in construction, consulting, and tourism.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 3.25 thousand |
| Run Rate Sales | USD 7.8 thousand |
| EBITDA Margin | 10 % |
| Industries | Food Wholesale |
| Locations | Male |
| Local Time | 5:00 AM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
195 thousand
for
20.0%
annual interest,
5
years
(Native Currency: MVR 3,000,000)
Reason: - The owner is seeking funds to support working capital.
- Due to the owner's religious beliefs, a ...
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Collateral Available: USD 0
Name, Phone, Email
Not disclosed
Business Name
Not disclosed
User Verification
Business Overview
- A Maldives-based business operating in four sectors: snacks wholesale, construction support, business consulting, and travel and tourism.
- The primary revenue comes from the snacks wholesale division, importing products from India and Malaysia.
- Receives 50-60 orders per week, demonstrating steady demand in the wholesale snacks market.
- Other verticals have minimal operations due to financial constraints, impacting overall business growth.
- Operates with a valid certificate of incorporation, ensuring legal compliance.
- The primary revenue comes from the snacks wholesale division, importing products from India and Malaysia.
- Receives 50-60 orders per week, demonstrating steady demand in the wholesale snacks market.
- Other verticals have minimal operations due to financial constraints, impacting overall business growth.
- Operates with a valid certificate of incorporation, ensuring legal compliance.
Products & Services Overview
- Services provided: Snacks wholesale, civil construction and electrical maintenance support for smaller establishments, business consulting for newer business, and travel and ticket booking servies, the business has partnered with Yatra. com to help with online bookings.- Target audience: Retailers, supermarkets, and businesses for snacks wholesale; contractors and developers for construction support; startups and companies for business consulting; and travelers for tourism services.
Assets Overview
The business does not own any tangible assets at the moment, as the major revenue comes through trading.
Facilities Overview
The business operates from a rented facility in Male.
Capitalization Overview
- The business is owned by a sole proprietor.- Business has no outstanding debts.
- The business operates on credit-free terms.
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