Internet of Things Company Seeking Loan in Dubai, United Arab Emirates
Dubai-based company specializing in luxury audio-visual setups and home automation seeking a business loan.
| Established | 5-10 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 2.7 million |
| Run Rate Sales | USD 3.27 million |
| EBITDA Margin | 17 % |
| Industries | Internet of Things |
| Locations | Dubai |
| Local Time | 11:49 PM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
136 thousand
for
12.0%
annual interest,
4
years
(Native Currency: AED 500,000)
Reason: - We are seeking to expand vertically into new segments and, therefore, require investment for infra...
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Collateral Available: USD 270 thousand
Includes physical assets worth
USD
123 thousand
Interested to connect with advisors
Name, Phone, Email
Not disclosed
Business Name
Available after connect
User Verification
Documents
Business Overview
- Home automation company based in Dubai.
- We have catered to over 200 clients.
- Our operations are project-based, with each project typically ranging from 2 weeks to a month in duration.
- On average, we handle 2 orders per month.
- Business hires employees on contract when needed for projects.
- We boast a robust supplier network for outsourcing home automation products, with 80% of our distributors located in Dubai.
- Our average annual turnover is between AED 12-15 million.
- We hold ISO certification and are also CEDIA certified.
- We have catered to over 200 clients.
- Our operations are project-based, with each project typically ranging from 2 weeks to a month in duration.
- On average, we handle 2 orders per month.
- Business hires employees on contract when needed for projects.
- We boast a robust supplier network for outsourcing home automation products, with 80% of our distributors located in Dubai.
- Our average annual turnover is between AED 12-15 million.
- We hold ISO certification and are also CEDIA certified.
Products & Services Overview
We specialize in providing state-of-the-art audio visual, automation, and home cinema solutions, featuring top-tier international brands such as Crestron, Lutron, KNX, Philips Dynalite, B&O, Sonance, and others. Our primary clientele comprises high net worth individuals (HNIs) who own villas. Additionally, we collaborate with MEP contractors, interior designers, and consultants to deliver exceptional service.
Assets Overview
Company owns vehicles, laptops, tools & equipment and furniture equivalent to AED 450,000.
Facilities Overview
The business operates from a rented facility in Al Quoz, Dubai.
Capitalization Overview
Company currently has an ongoing Auto Loan with the bank. Company currently utilizes project financing to execute ongoing projects.The business currently has 2 equal shareholders.
Recent Activity
-
Earlier than 15 daysManaging Director, Software Development, Hyderabad, Corporate Investor / Buyer connected with the Business
Tags:
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·IoT Company Seeking Loan in Dubai, United Arab Emirates
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·Lend to Internet of Things Company
·Lend to Home Automation Company
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·Lend to IoT Company
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