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Rented Commercial Property Seeking Loan in Quezon City, Philippines

Land-leasing company for retail space that's opened 9 palengkes & has 200+ tenants is seeking a loan.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity S Corporation
Reported Sales USD 600 thousand
Run Rate Sales USD 600 thousand
EBITDA Margin 10 %
Industries Agriculture Wholesale + 1 more
Locations  Quezon City
Local Time 6:27 AM Asia / Manila
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 60 thousand for 3.0% annual interest, 7 years (Native Currency: PHP 3,000,000)
Reason: Seeking a loan to build the newest branch in Pasig. Funds will be used to construct the retail space... View More
Collateral Available: USD 0
Includes physical assets worth USD 300 thousand
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Business Name
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Business Overview

- Primarily a leasing company focused on providing palengke entrepreneurs space to do retail business.

- Have been operating for the past 10+ years and have opened 9 successful palengke already.

- We are a wet market chain that currently has 5 existing palenques in Quezon and Caloocan City respectively.

- Have 200+ tenants utilizing the retail space currently. There is a small margin on electricity for said tenants.

- Building a new space for agricultural wholesalers and retailers in the city. We have acquired all the permits and licenses.

- Our 6th branch in Pasig City is scheduled to be constructed in 6 months.

- Have received reservations for 85% of all the market stalls in our newest branch in Pasig.

- Our wet market vendors sell groceries, meat rice, and supermarket goods.

- The business has already taken a loan of PHP 5 million in the past.

Products & Services Overview

Provide retail spaces for vendors selling vegetables, meat and grocery sellers.

Assets Overview

Physical assets include the land properties, 4 cars, and the retail set-up.

Facilities Overview

Leased 50 square meter office in one of the offices. We spend an amount of PHP 1.1 million as monthly rent for the 5 markets. The business owns the other 4 markets.

The Pasig property is 700 square meter including the parking lot. Ground floor would be for wet items like meats, grains, and supermarkets. There will be a mezzanine area with 269 square meters area which would have food stalls and dry goods (retail shops for clothes, cellphone accessories).

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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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