Small Footwear Store Investment Opportunity in Male, Maldives
Footwear retail store in Buruzu Magu, seeking investment for aiming to expand into multi-category supermarket.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Partnership (LLP) |
| Reported Sales | USD 23.4 thousand |
| Run Rate Sales | USD 3.9 thousand |
| EBITDA Margin | Nil |
| Industries | Footwear Stores |
| Locations | Male |
| Local Time | 2:54 AM Indian / Maldives |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
13 thousand
for
50.0%
stake
(Native Currency: MVR 200,000)
Reason: Seeking investment for expanding the current footwear retail business into a supermarket.
Includes physical assets worth
USD
3.9 thousand
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Business Name
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Documents
Certification of Registration
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Business Overview
- The business operates as a retail footwear store, with plans to expand into a multi-category supermarket in the future.
- The sales channels include physical in-store purchases and online deliveries, with orders being received through phone, WhatsApp, and social media pages.
- In the previous year, the business averaged 20+ orders per day, but this year has seen a decline to 5 or less, attributed to a lack of marketing efforts and increased competition.
- The procurement of products is primarily from manufacturers and local distributors.
- The business has maintained a lean operational structure, with only 2 permanent employees who are also the owners.
- The sales channels include physical in-store purchases and online deliveries, with orders being received through phone, WhatsApp, and social media pages.
- In the previous year, the business averaged 20+ orders per day, but this year has seen a decline to 5 or less, attributed to a lack of marketing efforts and increased competition.
- The procurement of products is primarily from manufacturers and local distributors.
- The business has maintained a lean operational structure, with only 2 permanent employees who are also the owners.
Products & Services Overview
Products include footwear catering to men, women, and children.Sold through physical in-store purchases and online deliveries.
Assets Overview
Physical assets include computer, camera, stock and other electrical and storage equipment.
Facilities Overview
Operating from a rented retail store facility located in Buruzu Magu, Malé.Current rental agreement is for 5 years.
Rent is MVR 8,500/month.
Capitalization Overview
Self-funded.No outstanding loans.
Business is a LLP business with 2 partners sharing 50% each.
Recent Activity
-
Earlier than 15 daysOwner, Database Software, Malé, Individual Investor / Buyer connected with the Business
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