Sports Goods Store Seeking Loan in Singapore

Sales of sporting goods in South East Asian countries with e-commerce portals and B2B model.

Established	5-10 year(s)
Employees	5 - 10
Legal Entity	Private Limited Company
Reported Sales	USD 600 thousand
Run Rate Sales	USD 600 thousand
EBITDA Margin	3 %
Industries	Sports Goods Stores
Locations	Singapore
Local Time	10:30 PM Asia / Singapore
Listed By	Business Owner / Director
Status	Active

7.2 / 10

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Seeking Loan

USD 70 thousand for 12.0% annual interest, 2 years (Native Currency: SGD 100,000)

Reason: Expand into new product lines to cater to more buyers and increase marketing costs to speed up the g... View More

Collateral Available: USD 0

Interested to connect with advisors

Documents

ACRA Certificate (212.6 KB)

Distributorship-renewed (293.3 KB)

Product (28.3 KB)

Financial Statement- Current Year (342.0 KB)

Financial Statement- Last Year (955.8 KB)

Business Overview

- Sole distributor for a basketball brand in South East Asia Countries.

- Sell products through e-commerce portals and B2B model.

- Within 3 years, it has become the number 1 basketball brand in Singapore.

- Work closely with the Basketball Association of Singapore.

- Appointed to sell in Shopee Mall, LazMall and Qoo10 Brand Avenue.

- Have good brand recognition.

- High potential for expansion into SEA regional countries such as the Philippines, Indonesia, and Malaysia where there are way more basketballers there.

- Despite specializing in basketball type of products, we have received quite an amount of orders from other sports customer bases such as running, fitness, and volleyball in Singapore. Potential for expansion and increase digital marketing expenses to increase sales.

- Before Covid, we have been supplying custom sportswear for training and competition to the government sectors. We definitely still be able to work with them once the sports competition resumes.

Products & Services Overview

- Support & braces.

- Sportswear.

- Sports accessories.

- Footwear.

- Custom apparel for training and competition usage.

Assets Overview

The business do not own any assets.

Facilities Overview

We are currently operating at a rented office with a warehouse at around 2,500 sq ft.

Capitalization Overview

Not Disclosed

Recent Activity

Earlier than 15 days
Business Advisor, Singapore, Financial Consultant connected with the Business
Earlier than 15 days
Principal Consultant ( Business Broker), Singapore, Financial Consultant connected with the Business
Earlier than 15 days
Independent Advisor, New Delhi, Financial Consultant connected with the Business

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