Petroleum Product Business Seeking Loan in Guraidhoo, Maldives
Looking to grow a 7-year-old oil business in Maldives with 3-4 regular buyers catering boats.
| Established | 5-10 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 1 - 2 million |
| Run Rate Sales | USD 390 thousand |
| EBITDA Margin | 20 % |
| Industries | Petroleum Product |
| Locations | Guraidhoo |
| Local Time | 8:40 AM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
130 thousand
for
1.8%
annual interest,
5
years
(Native Currency: MVR 2,000,000)
Reason: The owner is looking to expand and grow the business.
Collateral Available: USD 13 thousand
Includes physical assets worth
USD
13 thousand
Interested to connect with advisors
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Business Name
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Business Overview
• Our company is based in the Maldives, and we are looking for an investment to assist us in developing further.
• The business currently distributes diesel & petrol, and services wholesale and retail customers.
• Our main clients are boats, safaris, barges, fish boats, landings, heavy vessels, and tugs.
• We have 7 years of experience in the industry and have a good customer base.
• This year due to a credit issue, a lot of sales stopped, certain clients had to be removed and projects had to be postponed; thus the sales have gone down.
• There are 3 to 4 regular buyers for the company's products and services and have a good customer base.
• The business currently distributes diesel & petrol, and services wholesale and retail customers.
• Our main clients are boats, safaris, barges, fish boats, landings, heavy vessels, and tugs.
• We have 7 years of experience in the industry and have a good customer base.
• This year due to a credit issue, a lot of sales stopped, certain clients had to be removed and projects had to be postponed; thus the sales have gone down.
• There are 3 to 4 regular buyers for the company's products and services and have a good customer base.
Products & Services Overview
Our top-selling products are petrol and diesel for boats, safaris, barges, fish boats, landings, heavy vessels, and tugs.
Assets Overview
Tangible assets include a vessel, a boat, and an office.
Facilities Overview
For the time being, we have a vessel and an office for rent at MVR 15,000, and we have been planning for the next stage in the business.
Capitalization Overview
The business is completely bootstrapped with no outstanding debts or loans. The has two partners with a 50% stake each.
Recent Activity
-
Earlier than 15 daysMD, Kochi, Financial Consultant connected with the Business
Tags:
Petroleum Product Business Seeking Loan in Guraidhoo, Maldives
·Lend to Petroleum Product Business in Guraidhoo, Maldives
·Oil Product Business Seeking Loan in Guraidhoo, Maldives
·Lend to Oil Product Business in Guraidhoo, Maldives
·Petroleum Product Business Seeking Loan
·Lend to Petroleum Product Business
·Oil Product Business Seeking Loan
·Lend to Oil Product Business
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