Newly Established Event Management Company Seeking Loan in Manama, Bahrain

- Recently established event management business based in Manama, specializing in organizing singers, opera, and theater shows.

- The business commenced operations in February of the current year and has successfully hosted two private parties for approximately 200 guests each.

- Future plans include organizing events with a capacity for 3,000 guests, featuring international singers, with a projected revenue of EUR 300,000 for the following year.

- The business has secured the Proseven group as a main sponsor, a prominent entity in Bahrain, and envisions collaborating with them for future events.

- The director of the company is the recipient of an International prize for the film "Eddy, " which focused on human rights.

- Proseven group has provided access to the Coral Bay resort and spa, including a restaurant and area capable of accommodating over 200 people, offering potential for larger-scale events and expanded clientele.

- The company aims to become a top event organizer, with plans to feature international stars like Shakira and the Opera de Madrid, highlighting their ambitions for high-profile and prestigious events.

- Currently, there is 1 permanent employee which is the owner, the rest are outsourced.

- The owner is Italian-based and is operating the business in Bahrain.

Event organizers hosting private parties, Dj sets, singers, opera, and theater shows.

Physical assets include office assets and other related equipment like banners, sound systems and other electrical equipment.

Rented office located in Manama of ~ 20 sq m. Rent is EUR 450 per month.

Opening event funded with EUR 40,000 from own funds.

No outstanding debt or loans.

Sole owner, holding 100% shares in the business.