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Supermarket Seeking Loan in Lagos, Nigeria

Online dedicated e-commerce space for groceries and household essentials in Nigeria is seeking debt.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 4 - 5 million
Run Rate Sales USD 4.4 million
EBITDA Margin 0 - 10 %
Industries Ecommerce Websites + 1 more
Locations  Lagos
Local Time 3:47 AM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 1.2 million for 12.0% annual interest, 5 years (Native Currency: NGN 500,000,000)
Reason: Funds are required for inventory improvement, marketing, sales expansion into other states in Nigeri... View More
Collateral Available: USD 0
Includes physical assets worth USD 120 thousand
Interested to connect with advisors
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Business Name
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Documents
Brand
Banner
Business Plan
Projection
Business Overview

- Our business is engaged in selling and distributing branded FMCG products through our own e-commerce platform and other platforms as well.

- We have tied-up with 12 famous FMCG brands and source the products directly from the brands.

- Have a database of 7,000 + customers, we receive 100 to 200 visitors per day for our products in total on all the platforms.

- Currently, we are selling through our own website and 12 other e-commerce platforms in Nigeria.

- On average, we receive a total of 75 to 100 orders per day, out of which 25 orders come from our own website.

- The business has an outstanding loan of NGN 75 million.

- The business has 4 owners, one has 85% ownership stake, and the rest own 5% stake each.

- We have been present in this market for around over 7 years and have seen 200% growth since 2018.

Products & Services Overview

FMCG products from brands like Nestle, FrieslandCampina, Coca-Cola, Chi limited, TGI, Perfetti, Paldis, and Reckitt Benckiser.

Assets Overview

Products, cars, bikes, 5 computers, air-conditioners, and freezers. The business also owns a website.

Facilities Overview

Rent of 1 story building at Oshodi, Lagos.

Recent Activity
  • Earlier than 15 days
    Director, Durban, Financial Consultant connected with the Business
  • Earlier than 15 days
    Managing Partner, Dallas, Financial Consultant connected with the Business
  • Earlier than 15 days
    Principal Consultant, Pune, M&A Advisor 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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