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Internet of Things Business Seeking Loan in Kuwait City, Kuwait

Company selling IoT innovative tech management devices to 15+ B2B clients seeks investment.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Limited Liability Partnership (LLP)
Reported Sales USD 200 - 300 thousand
Run Rate Sales USD 300 thousand
EBITDA Margin 0 - 10 %
Industries Internet of Things
Locations  Kuwait City
Local Time 6:27 AM Asia / Kuwait
Listed By Management Member
Status Active
Overall Rating
Seeking Loan
USD 160 thousand for 5.5% annual interest, 1 year (Native Currency: KWD 50,000)
Reason: Need funds for purchasing more brands and stocks for the current clients, as well as for potential c... View More
Collateral Available: USD 110 thousand
Includes physical assets worth USD 160 thousand
Interested to connect with advisors
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Business Overview

- We generate 70% of the revenue by selling IoT devices. We import the products from the US, Canada, and Switzerland.

- Our range of smart devices seamlessly integrates with lifestyle, providing convenience, security, and energy efficiency.

- We supply to 15+ B2B clients. They order regularly from us. Also, supply to 70-80 B2C customers monthly.

- Have 3 permanent employees and 2 contract-based employees.

- Posses Commercial License and Trade License.

Products & Services Overview

B2B and B2C projects, E-commerce (retail, healthcare, education).

IoT products.

* Smart home lights.

* Smart cameras.

* Smart door lock.

* Gaming.

Health and fitness:

* Protein blenders.

* Software development.

* Web and app development.

* POS.

Assets Overview

Tangible:

Stock, computer, furniture, mobile products.

Intangible:

Software solutions, and projects.

Facilities Overview

The office is rented and is a fully furnished area 100 sqm. It is located in the north of the city.

Capitalization Overview

- Business Is self-funded with a single owner.

- Two shareholders for legal purposes.

- Healthy outstanding payment against receivables.

- Have upcoming projects lined up.

Recent Activity
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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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