Photo - Furniture Store
40628

Furniture Store - loan for business

Canada
Market: Another
Stage of the project: Idea or something is already done

Date of last change: 08.08.2019
Min amount of loan
$  12.000.000
Estimated yield
12 % a year
Total required
$ 12.000.000
Rating
equalizer 146 from 1000
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Idea

Import and sell transforming furniture for owners that live in small condos/apartments

Current Status

Lookimg for funding, product is ready to be purchased and shipped from China. Require funding to open a showroom in Vancouver, BC, Canada.

Market

Great growing economy in Vancouver, BC for small apartment owners, many apartments are built in Vancouver and area

Problem or Opportunity

Need funds to open proper showroom and order inventory

Competitors

Expand furniture

Advantages or differentiators

Advantage will be a cheaper selling price than a local competition

Finance

Product will be sold at 300% margin once here in Canada

Loan terms

60 months

Interest rate, %

12

Business model

Idea to sell transforming furniture to owners of small spaces.

Solution (product or service)

Once funding is acquired, can order samples and inventory for the showroom
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