Highway Operator Seeking Loan in Nassau, The Bahamas
Reliable Nassau-based towing service with 20 clients a month, seeking funding for purchasing truck.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Sole Proprietorship/Sole Trader |
| Reported Sales | USD 24 thousand |
| Run Rate Sales | USD 30 thousand |
| EBITDA Margin | 25 % |
| Industries | Highway Operators |
| Locations | Nassau |
| Local Time | 9:37 PM America / Nassau |
| Listed By | Business Owner / Director |
| Status | Recently Active |
Seeking Loan
USD
15 thousand
for
6.0%
annual interest,
1
year
(Native Currency: BSD 15,000)
Reason: Seeking funding to purchase a tow truck for the business.
Collateral Available: USD 0
Includes physical assets worth
USD
3 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Business Overview
- Business strategically located in Nassau, providing reliable and affordable towing services in the area.
- As a sole-owned and operated venture, the business enjoys minimal overhead costs thanks to its home-based/mobile model. Currently renting a truck for the business.
- Successfully engages with diversified clientele, including police rotations, 4 prominent clubs in Nassau, and personal clients sourced through social and digital media channels.
- Records an average of 20 clients per month, demonstrating a steady flow of demand for services.
- Each service averages a charge of BSD 120, indicating a strong revenue stream given the low operational costs.
- The marketing phase is complete, allowing the owner to focus fully on service delivery and customer satisfaction without the immediate need for additional promotional expenses.
- Business has a towing license.
- As a sole-owned and operated venture, the business enjoys minimal overhead costs thanks to its home-based/mobile model. Currently renting a truck for the business.
- Successfully engages with diversified clientele, including police rotations, 4 prominent clubs in Nassau, and personal clients sourced through social and digital media channels.
- Records an average of 20 clients per month, demonstrating a steady flow of demand for services.
- Each service averages a charge of BSD 120, indicating a strong revenue stream given the low operational costs.
- The marketing phase is complete, allowing the owner to focus fully on service delivery and customer satisfaction without the immediate need for additional promotional expenses.
- Business has a towing license.
Products & Services Overview
The business's top-selling service is roadside rescues, specifically including vehicle towing and car door unlock services. These offerings cater to a diversified clientele:- Police rotations: Law enforcement agencies frequently rely on the business for roadside assistance and towing services, particularly in emergencies or accidents.
- Clubs and associations: The business has secured partnerships with 4 prominent clubs in Nassau.
- Personal Clients: Individuals, both locals and visitors, access the business's services via social media and digital channels. These clients typically need help with car door unlocks, flat tires, and emergency towing.
Assets Overview
Physical assets include towing equipment and business cards.
Facilities Overview
No dedicated office facility. Its home base business is mobile with a well-maintained yard with cameras.
Capitalization Overview
Self-funded.No outstanding debt or loans.
Sole proprietorship business.
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