Tire Dealers Company Seeking Loan in Dubai, UAE
Tire dealing company that has served 28k+ customers and has 17 local suppliers seeks loan.
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 2.04 million |
| Run Rate Sales | USD 2.04 million |
| EBITDA Margin | 23 % |
| Industries | Tire Dealers |
| Locations | Dubai |
| Local Time | 10:15 AM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
270 thousand
for
15.0%
annual interest,
4
years
(Native Currency: AED 1,000,000)
Reason: The business needs a loan for working capital requirements. We are open to an investment in exchange...
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Collateral Available: USD 0
Includes physical assets worth
USD
410 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Business Overview
- In the previous year the business had a turnover of AED 7.5 million which is 20% more than the previous to the previous year.
- Close to a decade in the business.
- We have served about 28,000+ customers.
- The business has a very high retention rate of 67%.
- We receive 950-1,100 invoices in a month.
- The business has 17 local suppliers.
- Out of our total turnover in the previous year, AED 850k was through services and the rest through sales.
- We have very high goodwill, and the staff are highly experienced in the field of work, we have employees who have worked 20+ years in this industry.
- We get customers all over from UAE because we standout quality wise and offer a lot more transparency compared to the other tire dealers.
- Close to a decade in the business.
- We have served about 28,000+ customers.
- The business has a very high retention rate of 67%.
- We receive 950-1,100 invoices in a month.
- The business has 17 local suppliers.
- Out of our total turnover in the previous year, AED 850k was through services and the rest through sales.
- We have very high goodwill, and the staff are highly experienced in the field of work, we have employees who have worked 20+ years in this industry.
- We get customers all over from UAE because we standout quality wise and offer a lot more transparency compared to the other tire dealers.
Products & Services Overview
Products and services include:- Tires.
- Batteries.
- Lubricants.
- Car accessories.
- Brake adjustment.
- Wheel alignment.
- Wheel balancing.
Assets Overview
- Stock.- Furniture.
- Machinery.
- Wheel alignment tech best tech from Hunder.
- Wheel balancing machines costing AED 200k.
Facilities Overview
The store area is rented which is about 5,000 sqft. and is equipped with the best-in-class machinery. A showroom and luxurious customer lounge to cater to customer needs.The rent is AED 400k per year.
We are located in Al Qusais 2.
Capitalization Overview
The business is running through self-funding by the owner. Owned by a single individual and run as a family business. The company has a debt of AED 500k.
Recent Activity
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Earlier than 15 daysCEO, Freight And Package Transportation, Sacramento, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysSenior Manager Business Development, Automobiles And Parts, Dubai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysBusiness Development Manager, Facility Management, Doha, Individual Investor / Buyer connected with the Business
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1 Investor contacted this Business this month.
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