Serviced Apartment Seeking Loan in Maramag, Philippines

- Food and snack center running for 4 years and is located inside a university campus in Maramag.

- We source the products from the franchisor, the franchise agreement is open-ended, and we do not pay any royalty but purchase the products from them.

- On average, we receive more than 100 customers on a daily basis. Most of them are students and can be increased to 200 to 300 customers per day in the future.

- We also have a boarding house with currently 50 occupants. It is profitable since the place is very accessible to students.

- We are planning to open a pharmacy in the area as well.

- Business is run by a sole owner and the promoter has more than 5 years of experience in this business.

- Business does not have any loans.

- The revenue has dropped as we just started admission for the boarding house students this month.

- 80% of the revenue is generated through the food center and 20% comes from the boarding house.

Offering food and snacks delivery, as well as a boarding house for students.

Physical assets include interiors of the boarding house, and inventory of the food and snack center.

We have 300 sq. meter floor of boarding house, 5x5 sq. meter food and snack center for university students and planning to have new branch, still near the university area. Both of them are rented areas.