Profitable Pharmacy Seeking Loan in Manila, Philippines

- Chain of retail stores specializing in the sales of medical supplies and some pharmaceutical medicines. Over 85-90% of business revenue is generated by the sales of medical equipment.
- Have a chain of 12 stores located throughout Manila. We stock over 3,500 SKUs at our stores. The retail outlets are taken on rent.
- Sales had slightly dipped during the onset of the pandemic. However, sales have been increasing continuously (2% month-on-month) and is expected to return to normal very soon. We forecast an annual sales growth of 20% in the future.
- The gross margin on business sales is around 40%. We serve over 10,000 clients monthly. Over 60% of business sales is generated by sales to end-users (B2C) while 40% revenue comes from sales to other businesses/institutions (B2B). To that extent, we have around 10-20 annual contracts.
- We have over 200 suppliers including some internationals suppliers from whom we procure our products.
- Since we are extremely well-established in the market, we primarily rely on word-of-mouth promotion and referrals.
- We also plan to launch an e-commerce website by the end of this year to generate online sales. The website is live and fully updated. However, we are yet to market the platform to end users.
- Promoter has over 12 years of experience in this particular industry.