Furniture Store Seeking Loan in Sohar, Oman

- Furniture and carpet store located in the city of Sohar since 1990.

- Well-established client base which include various companies in the industrial area, Government firms, universities, and hospitals in sohar.

- Currently focusing on Oman made products - Premium quality HDF furnitures and Steel furnitures from select manufacturers delivering premium quality products.

- Special relationship with manufacturers for uniqueness in the local market (Sohar).

Office furnitures for government and industrial entities.

Carpet flooring for homes and offices.

Mosque carpets (Turkey).

Tangible assets include an average inventory of OMR 10,000 and 2 vehicles - A SUV and pickup for transportation.

The company has goodwill amongst the customers in the local market.

Rented shop space of 150sqm in the city in the center of furniture market and a warehouse (250sqm) away from the city.

We pay a total monthly rent of OMR 1,000 including a flat for staff just above the shop.

- The company has 3 Shareholders in 70:20:10 ratio. 30% Omani sponsor (only on CR)

- The owner has complete Stake and control over the shop.

- The company has a debt of OMR 3,000.