Newly Established Real Estate Rental Business Seeking Loan in Manama, Bahrain
Newly started residential rental business subletting individual houses, currently operating 22 units at 70% occupancy.
| Established | 0-1 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | Nil |
| Run Rate Sales | USD 223 thousand |
| EBITDA Margin | 10 % |
| Industries | Real Estate Rental |
| Locations | Manama |
| Local Time | 7:08 PM Asia / Bahrain |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
45 thousand
for
8.0%
annual interest,
2
years
(Native Currency: BHD 17,000)
Reason: The funds will be used to lease additional residential buildings from property owners and expand the...
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Collateral Available: USD 0
Includes physical assets worth
USD
32 thousand
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Business Name
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Documents
Commercial Registration Certificate
(165.6 KB)
Business Overview
• Property rental business that leases residential buildings from property owners and rents out the individual houses/units to tenants at higher rental rates.
• Currently operates one leased building comprising 22 houses.
• The business generates revenue through the difference between the lease cost paid to the building owner and the rental income collected from tenants.
• The current building has approximately 70% occupancy, providing an existing tenant base and ongoing rental income.
• The business model can be scaled by leasing additional buildings and renting out their individual residential units.
• Holds a valid trade license for its operations.
• Currently operates one leased building comprising 22 houses.
• The business generates revenue through the difference between the lease cost paid to the building owner and the rental income collected from tenants.
• The current building has approximately 70% occupancy, providing an existing tenant base and ongoing rental income.
• The business model can be scaled by leasing additional buildings and renting out their individual residential units.
• Holds a valid trade license for its operations.
Products & Services Overview
The business provides residential rental accommodation by leasing buildings from owners and subletting individual houses to tenants. The current portfolio comprises 22 houses with approximately 70% occupancy.
Assets Overview
Tangible assets:- Furniture and fixtures in the building.
Facilities Overview
The business operates without a dedicated office space. All operations are handled remotely.
Capitalization Overview
- There are no outstanding debts.- Sole owner of the company.
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