Retail Shops Seeking Loan in Maldives

Established presence in the food wholesale industry, specializing in supplies for resort hotels and guesthouses in Malé. - Extensive client portfolio includes 3-5 star hotel chains, 34 resort clients, and 74 shops and supermarkets, ensuring strong B2B relationships. - Diverse product offerings include imported canned foods, juices, and spices catering to a variety of culinary needs. - Strategic sourcing from reliable suppliers in India, Malaysia, and Dubai to ensure high-quality products. - The business is facing financial constraints, which have hindered its ability to operate at full potential. This has led to a drop in sales. - Operates with a valid importing license and registration certificate from the local government, ensuring compliance and reliability. - Positioned to capitalize on the growing tourism sector in Malé, with potential for expansion in both product offerings and client base.

Location: The business is located at the upper north province in Maldives, catering to the local market and potentially serving the construction needs of the region. - Business model: The company operates as a small hardware shop, specializing in selling bricks to construction companies, alongside offering construction services. - Employee strength: Currently, the business is managed by 4 employees, with potential plans to expand the workforce to accommodate a growing demand for construction services. - Footfall and revenue: The hardware shop experiences a footfall of approximately 200 customers per month, with an average order value of MVR 125, indicating a steady and consistent revenue stream. - Growth potential: With plans to increase the workforce, the business aims to enhance its capacity to undertake more construction projects simultaneously, thereby potentially increasing its revenue and market presence. - Market position: The company has established itself as a successful player in the local hardware and construction industry, maintaining a steady customer base and revenue stream. - Expansion opportunity: The business has the potential for growth and expansion, particularly by diversifying its product offerings, enhancing its construction services, and potentially exploring new markets within the Maldives or beyond. - Operational efficiency: Efforts to increase the workforce and streamline operations can contribute to maintaining the company's competitive edge and.