Newly Established Medical Implants Company Seeking Loan in Dubai, United Arab Emirates
Business selling 4 international hearing aid brands through the first audiologist-owned clinic in Dubai.
| Established | 0-1 year(s) |
| Employees | < 2 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | USD 80 thousand |
| EBITDA Margin | 30 % |
| Industries | Medical Implants |
| Locations | Dubai |
| Local Time | 7:56 AM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
27 thousand
for
8.5%
annual interest,
5
years
(Native Currency: AED 100,000)
Reason: The funds are required for the procurement of inventory for launching a new over-the-counter self-fi...
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Collateral Available: USD 0
Includes physical assets worth
USD
14 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- The company specializes in providing digital, customized hearing aids for the hearing impaired, making them more accessible and affordable for the local market.
- It has partnerships with four distributors in the UAE, supplying well-known brands such as Phonac (US), Resound (Denmark), Signia (Germany), and Starkey (US), ensuring a diverse product range for customers.
- The owner has established the first audiologist-owned hearing clinic in Dubai and has an experience 12 years of experience in Dubai, bringing a high level of expertise and credibility to the business.
- The company has a wide reach, attracting clients from various emirates including Sharjah, Fujairah, and Ajman, indicating a strong potential customer base.
- With an average of 30 patients per month, the business is seeking investment to address the low rate of patients buying the products due to high prices and the need for programming the hearing aid before use.
- Future plans include partnering with a manufacturer in China to supply self-fitting and affordable hearing devices, which is expected to boost the conversion rate and drive sales growth.
- The business operates efficiently with only one employee, as products are bought on an order basis as and when a patient confirms. The other employees who are a part of the clinic are hired by the government as a part of the coworking space that the owner is subscribed to.
- It has partnerships with four distributors in the UAE, supplying well-known brands such as Phonac (US), Resound (Denmark), Signia (Germany), and Starkey (US), ensuring a diverse product range for customers.
- The owner has established the first audiologist-owned hearing clinic in Dubai and has an experience 12 years of experience in Dubai, bringing a high level of expertise and credibility to the business.
- The company has a wide reach, attracting clients from various emirates including Sharjah, Fujairah, and Ajman, indicating a strong potential customer base.
- With an average of 30 patients per month, the business is seeking investment to address the low rate of patients buying the products due to high prices and the need for programming the hearing aid before use.
- Future plans include partnering with a manufacturer in China to supply self-fitting and affordable hearing devices, which is expected to boost the conversion rate and drive sales growth.
- The business operates efficiently with only one employee, as products are bought on an order basis as and when a patient confirms. The other employees who are a part of the clinic are hired by the government as a part of the coworking space that the owner is subscribed to.
Products & Services Overview
- We sell digital, customized hearing aids for the hearing impaired.- Our business involves the sale of 4 brands of hearing aid namely - Phonac (US), Resound (Denmark), Signia (Germany), and Starkey (US).
Assets Overview
- A major component of the company's tangible assets is the stock trial hearing aids.- Other tangible assets include premium quality hearing test equipment, equipment used to connect hearing aids and ear tips.
- Intangible assets of the business are the loyal patients, referral sources, and vast experience of the owner in the field of audiology.
Facilities Overview
The business has just begun supplying and does not have an office facility.The stock is minimal and is stored within the clinic which is inside a medical coworking space managed by Dubai Healthcare City.
The rent paid is AED 250 per hour or an area of 100 Sq Ft.
Capitalization Overview
The business is funded by owner’s savings and there is no debt or business loans from any bank or investors.The owner is the sole shareholder having 100% equity.
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