Need help?

Perfumes Business Seeking Loan in Male, Maldives

Retail shop specializing in selling perfumes and cosmetics in the Maldives seeks investment.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 130 thousand
Run Rate Sales USD 194 thousand
EBITDA Margin 40 %
Industries Beauty Product Shops + 1 more
Locations  Male
Local Time 10:11 AM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 45 thousand for 12.0% annual interest, 3 years (Native Currency: MVR 700,000)
Reason: To increase stock.
We require additional funds apart from our own investment for expansion.
Collateral Available: USD 26 thousand
Includes physical assets worth USD 39 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Shop Entrance
Business Overview
- We have been in the same business for 5 years. We started offline sales a few months back. We used to sell exclusively online.
- Shop is located on the main road.
- On a daily basis, we receive around 20 customers and we sell to around 8 customers.
- Purchasing products from distributors in the USA and Dubai.
- Two employees are sufficient to run the retail shop sales.
Products & Services Overview
Sale of original branded perfumes, fragrances, and cosmetics imported from other countries.
Assets Overview
200 sq ft rented shop set-up, and stock of fragrances.
Facilities Overview
200 sq ft rented shop in a prime location in Ameenee Magu, Male.
Capitalization Overview
It’s a sole trader business.
Business is funded with own savings and borrowings from friends and family.
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Investor already contacted this Business. Register below to connect now!
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.
You might also be interested in these businesses
    Frequently
    Asked
    Questions
    • Why can’t I see the business’ name or contact number? How do I contact the business?
    • What level of due diligence does SMERGERS conduct on the businesses/member?
    • How active are the business profiles listed on SMERGERS?
    • How does SMERGERS rate business profiles?
    • Do I need to pay to connect with a business?
    • Show more