Furniture Business Seeking Loan in Qrendi, Malta

- Business was of the owner's father up until the last 2 years.

- The son took over then and has been growing out since then starting basically from scratch with brand new clients.

- We receive 1-2 orders monthly.

- We have three designers and architects who regularly pass on clients to us plus am getting new leads via recommendations and social media.

Custom made kitchens, bedrooms and loose furniture.

Wall panelling with concealed doors within.

Internal Doors.

Furniture repair.

Isuzu van.

Edge bander.

Sliding panel saw.

Universal combined machine.

Chain mortiser.

5kw fitted dust extraction.

Lots of battery-operated power tools.

Lots of hand tools.

At the moment it is on one workshop of 70 square meters split up with a mezzanine of 35 square meters. Then a store measuring 29 square meters in another location. We pay a monthly rent of EUR 2,300.

Planning to add another workshop right beside the main workshop in the coming two years once it becomes vacant. The main workshop is a rental within a private industrial estate with a 5-year contract agreement.

- At the moment it is all funded by own money.

- We have 15,000€ of pending VAT from the previous three years which are partly deferred taxes due to COVID.