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Mobile Shop Seeking Loan in Dubai, United Arab Emirates

Used phones wholesale, distribution, trading business, sold 200k+ devices till date with 80% repeat customers.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 11 million
Run Rate Sales USD 3.3 million
EBITDA Margin 6 %
Industries Mobile Shops
Locations  Dubai
Local Time 1:25 AM Asia / Dubai
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 1.1 million for 8.0% annual interest, 5 years (Native Currency: AED 4,000,000)
Reason: To buy more inventory.
Collateral Available: USD 0
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Office Space
Business Overview

- More than 200k devices sold so far.

- We cater to a wide market including, Europe, the Middle East, Africa, Asia & the USA.

- Fully trained team, with 50% of our employees working on the technical side and the rest of our team working in sales, marketing and accounts.

- Can supply 1,000+ units per day.

- We ship worldwide within 24-36 hours of order receipt.

- We have customers who pre-pay for the orders and a few suppliers who give us a 30-day payment term.

- We have 80% repeat customers owing to our excellent after-sales service support.

- Our sales have marginally dropped this year because of COVID-19 and the business is cyclical in nature.

Products & Services Overview

- Used / refurbished iPhone.

- Used / refurbished Samsung smartphones.

- Our clients are based out of Europe, the Middle East, Africa, Asia & USA.

Assets Overview

The business has assets, details of which will be disclosed at a later point during the transaction.

Facilities Overview

- Leased 1,000 square feet of office space in the city centre.

- The lease amount is AED 75,000 per year.

Capitalization Overview

The business is currently funded by personal savings, a credit facility from a Bank and a loan from a financial house.

Recent Activity
  • Earlier than 15 days
    Founder & CEO, Chennai, M&A Advisor connected with the Business
  • Earlier than 15 days
    CEO, Dubai, Business Broker connected with the Business
  • Earlier than 15 days
    CEO, Gurgaon, Financial Consultant connected with the Business
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1 Investor viewed this Business this week.
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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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