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Art Gallery Seeking Loan in Lautoka, Fiji

Handicrafts business providing wide range of products based in Fiji seeking for loan.

Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 27 thousand
Run Rate Sales USD 27 thousand
EBITDA Margin 0 - 10 %
Industries Art Galleries
Locations  Lautoka
Local Time 12:54 PM Pacific / Fiji
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 30 thousand for 1.0% annual interest, 2 years (Native Currency: FJD 70,000)
Reason: The loan is required to open a shop for the handicrafts business.
Collateral Available: USD 13 thousand
Includes physical assets worth USD 1.3 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Business Overview

- Handicrafts business located in Natabua Complex, Lautoka, Fiji.

- We receive 5- 10 customers per day.

- The average order value is FED 100.

- Our customers are basically from local area.

- There are 2 owners and the business is debt free.

Products & Services Overview

Our products and services include:

- Garlands.

- Mats.

- Tapa cloth.

- Coffin box.

- Decoration.

- The products are widely used for birthdays, graduations, weddings and funerals.

Assets Overview

The assets includes all the tools and equipment required for making products.

Facilities Overview

The business is run from owner's house and are planning to open a retail store after receiving the loan amount.

Capitalization Overview

- There are 2 owners in the business.

- There are no loans or debts in the business and is self funded.

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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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