Petroleum Product Business Seeking Loan in Guraidhoo, Maldives
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 |
• 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.
Our top-selling products are petrol and diesel for boats, safaris, barges, fish boats, landings, heavy vessels, and tugs.
Tangible assets include a vessel, a boat, and an office.
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.
The business is completely bootstrapped with no outstanding debts or loans. The has two partners with a 50% stake each.
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Earlier than 15 daysMD, Kochi, Financial Consultant connected with the Business