Profitable Yachts and Boats Company Seeking Loan in Richards Bay, South Africa
Boat and yacht manufacturing business seeking funding to complete the manufacturing of two catamarans.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 54 thousand |
| Run Rate Sales | USD 144 thousand |
| EBITDA Margin | 40 % |
| Industries | Building Contractors + 1 more |
| Locations | Richards Bay |
| Local Time | 10:28 AM Africa / Johannesburg |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
480 thousand
for
24.0%
annual interest,
2
years
(Native Currency: ZAR 8,000,000)
Reason: Accelerate the production of small vessels and enable rapid completion of one 52 ft catamaran for sa...
View More
Collateral Available: USD 430 thousand
Includes physical assets worth
USD
430 thousand
Interested to connect with advisors
Documents
Lease Summary
(358.9 KB)
Cash Flow for the Loan
(223.7 KB)
Loan Details.
(869.4 KB)
Launch Day
(418.5 KB)
Registration Document
(127.0 KB)
Business Overview
- The business provided contracting services and manufactures boats and catamarans.
- Have completed various projects for construction so far and have had 10 clients for maintenance work.
- During the Covid period, revenue was reduced to ZAR 40,000 per month. But it is gradually increasing now.
- The business has recently added manufacturing of boats and yachts. We have 2 partially built, 52 ft catamarans and some smaller boats.
- First project (one of only two TAG-50s in the world, that has COF) ) needs ZAR 7 million for completion. She is currently valued at ZAR 5 million and buyers are offering ZAR 18 million on completion.
- Project two (an Admiral) valued at ZAR 2 million needs ZAR 650k to ZAR 2 million to complete. Depending on the finish she will sell for ZAR 4 million to ZAR 6 million.
- Business has successfully sold one boat so far.
- We plan to manufacture one catamaran per year.
- Business is owned by 1 person and is debt-free.
- Have completed various projects for construction so far and have had 10 clients for maintenance work.
- During the Covid period, revenue was reduced to ZAR 40,000 per month. But it is gradually increasing now.
- The business has recently added manufacturing of boats and yachts. We have 2 partially built, 52 ft catamarans and some smaller boats.
- First project (one of only two TAG-50s in the world, that has COF) ) needs ZAR 7 million for completion. She is currently valued at ZAR 5 million and buyers are offering ZAR 18 million on completion.
- Project two (an Admiral) valued at ZAR 2 million needs ZAR 650k to ZAR 2 million to complete. Depending on the finish she will sell for ZAR 4 million to ZAR 6 million.
- Business has successfully sold one boat so far.
- We plan to manufacture one catamaran per year.
- Business is owned by 1 person and is debt-free.
Products & Services Overview
Alterations and maintenance of homes and offices.Manufacture and maintenance of boats and yachts.
Assets Overview
Merchandise (yachts and boats) valued at ZAR 7 million.Equipment and tools valued at ZAR 500k.
Facilities Overview
We lease a yard of 20,000 sq. m. of which 3,500 sq. m. is under the roof, with the option to purchase.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Import/Export Trading, Mumbai, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysSenior Software Engineer, IT Industry, New Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Business Support, Lexington, Individual Investor / Buyer connected with the Business
Tags:
Profitable Contracting Company Company Seeking Loan in Richards Bay, South Africa
·Profitable Building Contractor Company Seeking Loan in Richards Bay, South Africa
·Profitable Yachts and Boats Company Seeking Loan in Richards Bay, South Africa
·Lend to Profitable Contracting Company Company in Richards Bay, South Africa
·Lend to Profitable Building Contractor Company in Richards Bay, South Africa
·Profitable Contractors Company Seeking Loan in Richards Bay, South Africa
·Lend to Profitable Yachts and Boats Company in Richards Bay, South Africa
·Profitable Motorboat Company Seeking Loan in Richards Bay, South Africa
·Profitable Yachts Company Seeking Loan in Richards Bay, South Africa
·Lend to Profitable Contractors Company in Richards Bay, South Africa
·Profitable Yacht Company Seeking Loan in Richards Bay, South Africa
·Profitable Boat Company Seeking Loan in Richards Bay, South Africa
·Lend to Profitable Motorboat Company in Richards Bay, South Africa
·Lend to Profitable Yachts Company in Richards Bay, South Africa
·Lend to Profitable Yacht Company in Richards Bay, South Africa
·Lend to Profitable Boat Company in Richards Bay, South Africa
·Profitable Contracting Company Company Seeking Loan
·Profitable Building Contractor Company Seeking Loan
·Profitable Yachts and Boats Company Seeking Loan
·Lend to Profitable Contracting Company Company
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