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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 400 thousand
EBITDA Margin 20 %
Industries Petroleum Product
Locations  Guraidhoo
Local Time 7:12 PM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
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.

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 days
    MD, Kochi, Financial Consultant connected with the Business
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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.
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