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    Gifting Businesses Seeking Loan in United Arab Emirates

    Showing 1 - 1 of 1 Gifting Businesses Seeking Loan in United Arab Emirates. Lend to a Gifting Business.

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    Gifting Company Seeking Loan in Ras Al-Khaimah, United Arab Emirates

    Company specializing in selling merchandise & souvenirs to retail shops in UAE seeks funding.
    - Company is based out of Ras Al-Khaimah and sells gifts & souvenirs, handicrafts, merchandises to major retail shops and tourists. - Products are sold under our own brand name. - We sell the products to 6-7 clients who have chain of retail outlets across the UAE. - We specialize in selling customized gifts items. - We supply the products to retail stores and they pay us after 30-50 days so the business has an outstanding amount of AED 100-150K with retail store clients. - Promoter also owns a 2,000 sq ft factory in Agra, India that has been operational for over 40 years. This factory exports product to business in the UAE. - The factory in India has the capacity to produce AED 500K worth of merchandises per month. - Indian and UAE companies are different entities even though they are owned by the same individual. - Promoter is based in UAE but during this pandemic, he is in India hence would be available on the Indian phone number. - Sales have been reduced due to a reduction in tourists, as a result, of the pandemic. - Physical assets owned by this business include product inventory.
    Company specializing in selling merchandise & souvenirs to retail shops in UAE seeks funding.
    7.4   Ras Al-Khaimah
    Run Rate Sales
    USD 200 thousand
    EBITDA Margin
    30 %
    Business Loan
    USD 60 K at 12%
    Contact Business

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