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Newly Established Construction Material Wholesale Company Seeking Loan in Colombo, Sri Lanka

Waterproofing contractors and construction materials suppliers with 12 projects in hand seek a loan.

Established 0-1 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 250 thousand
Run Rate Sales USD 260 thousand
EBITDA Margin 15 %
Industries Construction Material Wholesale + 1 more
Locations  Colombo
Local Time 10:03 AM Asia / Colombo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 30 thousand for 15.0% annual interest, 2 years (Native Currency: LKR 9,000,000)
Reason: Need the loan to expand the business and reach new customers, we get multiple inquiries around the c... View More
Collateral Available: USD 0
Includes physical assets worth USD 30 thousand
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Business Name
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Business Overview

- Authorized maintenance and construction company for the Maldives Embassy in Sri Lanka.

- Have completed over 50 projects to date and have 12 ongoing projects.

- One project usually takes 20 days to complete.

- Have 10 permanent and 7 contract-based staff.

- Generate equal revenue by selling construction materials and roofing contracting.

- The promoter has 5 years of experience in the Industry in Sri Lanka.

Products & Services Overview

Our top-selling products are cementitious waterproofing and crack repairs. This product is mainly used for new condominium projects, houses, apartments, and commercial buildings.

Waterproofing materials are used on newly built house rooftop areas, balconies, bathrooms, and blind walls. We do a 2-layered application for strength and long-lasting hold.

Crack Repairs - We use a fiber-infused crack sealer to repair rooftop cracks and blind wall cracks, this has been our go-to product and never disappointed us.

Assets Overview

Toyota Vitz Car.

Construction materials (drillers/grinders / hit machine / potty mixer)

Motorbike.

2 mobile phones.

Mantainence materilas.

Facilities Overview

We are currently at a shared workspace area, for our operational staff. It is located in the center of the city.

Rent: LKR 25,000 per table.

Total LKR 225,000/-

Capitalization Overview

The business is funded through personal funds and partial real estate business income (rentals)

The company has no loans or liabilities.

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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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