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Used Car Dealers Company Seeking Loan in Port Moresby, Papua New Guinea

Seeking Loan: Successful used car dealers require funds for opening new fuel station and supermarket.

Established 10-20 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 26 thousand
Run Rate Sales USD 60 thousand
EBITDA Margin 30 %
Industries Used Car Dealers
Locations  Port Moresby
Local Time 12:19 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 80 thousand for 5.0% annual interest, 8 years (Native Currency: PGK 300,000)
Reason: Require funds for opening a supermarket and a fuel station.
Collateral Available: USD 20 thousand
Includes physical assets worth USD 900 thousand
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Business Overview

- Quality imported used cars sourced from Be Forward Japan.

- Majority of customers are based in Port Moresby, Papua New Guinea.

- Revenue is primarily generated from the sales of imported cars.

- Receives a percentage of Buy Now discount promotions from Be Forward Japan, enhancing competitiveness.

- Strong and enduring business relationship with Be Forward Japan, built on a decade of customer loyalty.

- Core business activity centers around the importation of vehicles, with a specific focus on used cars.

- Averaging 10 customers served per month.

- Promoters bring a collective 10 years of industry experience.

- Holds a valid registration, ensuring compliance with regulatory requirements.

- Exploring new business avenues, including the establishment of fuel stations and supermarkets.

Products & Services Overview

Used car dealers importing quality used cars from Be Forward Japan.

Customers are locals.

Assets Overview

One story building, 12.1 hectares of land (belonging to the company), flat screen television, double chillers refrigerator, food warmer, chest refrigerator and Toyota Land Cruiser trooper.

All the assets are illiquid, hence we require funds for the new business ventures.

Facilities Overview

Office is located in a 1 story building (belongs to the company) measuring 20*20 m.

Located in the north of Port Moresby.

Capitalization Overview

Currently the company has two shareholders.

Self funded operations.

50-50 split among the shareholders.

The company does not have any debts or loans.

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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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