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Small Liquor Store Seeking Loan in Montego Bay, Jamaica

Local cook shop, mini mart, bar in Montego Bay, seeks funding to rebuild operations post-hurricane.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 1.4 thousand
Run Rate Sales USD 1.14 thousand
EBITDA Margin Nil
Industries Liquor Stores + 1 more
Locations  Montego Bay
Local Time 1:00 PM America / Jamaica
Listed By Business Owner / Director
Status Recently Active
Overall Rating
Seeking Loan
USD 3.16 thousand for 9.0% annual interest, 2 years (Native Currency: JMD 500,000)
Reason: Seeking funding to restore operations, improve the premises, and support business growth. The busine... View More
Collateral Available: USD 0
Includes physical assets worth USD 28.6 thousand
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Business Name
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Business Overview
* Located in Montego Bay, Jamaica, our business operates as a cook shop, mini mart, and bar, serving both local residents and visitors.
* The business operated successfully for approximately 11 months before temporarily closing in October last year due to Hurricane Melissa.
* During its initial operational period, the business generated average monthly revenue of approximately JMD 20,000.
* Operations resumed approximately 5 months ago. Current sales are lower as the business continues rebuilding its customer base following the temporary closure.
* The business is currently not generating profits, as earnings are being reinvested into restoring, improving, and expanding the shop.
* The business currently serves approximately 15–20 customers per week and is operated by the owner, who is the only permanent employee.
* The business is independently operated and does not currently have any strategic business relationships, as it is still in the rebuilding phase following the hurricane.
* No industry-specific licenses or certifications are currently required for operations at this stage. The owner plans to obtain the necessary food and alcohol licenses as the business continues to grow.
* With continued investment in the premises and operations, the business is well-positioned to rebuild its customer base and increase revenue over time.
Products & Services Overview
- The business sells cooked food and convenience products, with top-selling items including fried chicken, French fries, rum, cigarettes, and other everyday essentials.
- Serves local residents, workers, travelers, and nearby communities through walk-in visits an takeaways.
Assets Overview
Physical assets include the owned land and building valued at approximately JMD 4–5 million, along with store equipment, fixtures, and inventory valued at approximately JMD 35,000.
The value of the physical assets is higher than the amount of funds being sought; however, these assets are necessary for running operations and cannot be liquidated.
Intangible assets include customer base, and supplier relationships.
Facilities Overview
The structure is built on owned land located on Middle Road, Montego Bay. The business does not incur any rental or lease expenses.
Capitalization Overview
* The business is solely owned by a single proprietor.
* Operations are funded through personal savings and financial support from family and friends.
* The business has no outstanding loans or debt.
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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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