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Newly Established Fire Protection Business Seeking Loan in Chaguanas, Trinidad and Tobago

Fire prevention business start-up for residential and commercial users, seeking funding to procure the products.

Established 0-1 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Fire Protection
Locations  Chaguanas
Local Time 5:59 PM America / Port of Spain
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 12 thousand for 9.0% annual interest, 2 years (Native Currency: TTD 80,000)
Reason: Seeking funding to purchase the initial line-up of products and start operations. Right after recei... View More
Collateral Available: USD 0
Includes physical assets worth USD 30 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Business Overview

- Business startup focused on fire prevention for residential and commercial users in Chaguanas.

- Primary products include fire sprays, fire extinguishers, and smoke alarms and offering training and education on fire prevention and equipment.

- Target clients are residential home and car owners.

- The business plans to procure stock from at least 4 foreign manufacturers located in the USA and China.

- The retail store is projected to serve an average of 50-100 clients daily with an expected turnover of TTD 45k/month. However, the business is currently not operational due to a lack of funding.

- The business aims to partner with building contractors, electrical contractors, and insurance companies to carry out the mission of fire prevention for residential owners.

Products & Services Overview

Retail products include:

- Fire sprays.

- Fire extinguishers.

- Smoke alarms.

Services:

- Training and education on fire prevention and equipment.

Target clients: Residential home and car owners.

Assets Overview

Physical assets include the things procured for establishing the business till date - furniture, vehicle (mini-truck), laptop, phone, storage space setup, home office setup and minimal electrical products.

Facilities Overview

Business is in start-up stage, so currently using an extension of the home for office and storage space until funds are secured for a retail space.

Capitalization Overview

Business is self-funded.

No outstanding loans or liabilities.

Single owner, holding 100% shares.

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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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