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Small Convenience Store Seeking Loan in Lae, Papua New Guinea

Grocery store with a database of 50 customers based in Papua New Guinea seeking loan.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 11.6 thousand
EBITDA Margin Nil
Industries Convenience Stores
Locations  Lae
Local Time 1:25 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 2.4 thousand for 5.0% annual interest, 1 year (Native Currency: PGK 10,000)
Reason: We need funds to purchase stock. We are looking for a small amount of loan as we cannot liquidate ou... View More
Collateral Available: USD 2.4 thousand
Includes physical assets worth USD 6.7 thousand
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
- We are a grocery store located near a rural area.
- Business has been operational for less than a few months.
- We have a database of 50 customers who walk in the store throughout the week.
- The business is able to generate PGK 600-1,500 per week.
- Business provides services to rural communities in the village and serves villagers in remote areas.
- Have one vendor that the business procures stock from.
- Promoter has less than a year of experience in the industry.
- Business has incorporation certificate.
Products & Services Overview
Grocery products and everyday use items along with hardware products.
Assets Overview
The physical asset of the business is the store, the interiors, shelves, and stock.
Facilities Overview
Have a trade store measuring 5 bigha near the outskirts of the town.
Capitalization Overview
- The business is owned by a single owner.
- Business is funded by the owner and his family.
- Business is debt-free.
Recent Activity
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3 Investors already contacted this Business. Register below to connect now!
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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