Profitable Musical Instrument Retailer Seeking Loan in Sri Lanka
Company is into distribution and retailing of musical instruments, currently operates 2 retail stores.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 330 thousand |
| Run Rate Sales | USD 340 thousand |
| EBITDA Margin | 20 - 30 % |
| Industries | Musical Instrument Retailers |
| Locations | Sri Lanka |
| Local Time | 11:57 PM Asia / Colombo |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
66 thousand
for
10.0%
annual interest,
5
years
(Native Currency: LKR 20,000,000)
Reason: Funds will be used to import more products to increase our stock.
Collateral Available: USD 0
Includes physical assets worth
USD
23 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview
Company is into distribution and retailing of a variety of musical instruments. Generates 90% of revenue through retail stores and rest 10% of revenue through distributorship.
Retail stores: Company operates 2 retail stores which are located in a commercial area of a major city in Sri Lanka. Receive approx 300 customers per week at both stores combined. Since our retail segment is operating well, we are also in the final stage to open our 3rd retail store in the same city.
Distributorship: Company distributes products of over 10 brands in Sri Lanka. After importing, we sell the products to more than 100 retail stores in Sri Lanka.
Business owned assets include furniture, laptops and office equipment.
Retail stores: Company operates 2 retail stores which are located in a commercial area of a major city in Sri Lanka. Receive approx 300 customers per week at both stores combined. Since our retail segment is operating well, we are also in the final stage to open our 3rd retail store in the same city.
Distributorship: Company distributes products of over 10 brands in Sri Lanka. After importing, we sell the products to more than 100 retail stores in Sri Lanka.
Business owned assets include furniture, laptops and office equipment.
Products & Services Overview
Drums, bass amplifier, keyboards, audio & sound system, microphones, cymbal, acoustic panels.
Facilities Overview
All the below facilities are on rent:- Retail stores: 1st store is of 500 sq ft, 2nd store is of 2,000 sq ft and the 3rd store is of 4,000 sq ft.
- Have a warehouse of 4,500 sq ft.
Capitalization Overview
Not Disclosed
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