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Sports Goods Store Seeking Loan in Singapore

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

Established 1-5 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 2:33 AM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 74 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
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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.

Recent Activity
  • 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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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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