Leading cleaning services provider in Lithuania (II)Back to all Lending opportunities
A well established and leading office and car cleaning company with 20 years of successful operations is looking for short term financing to complete opening of another tunnel car wash station in Vilnius, Lithuania. Company has 6 hand wash stations, 5 tunnel wash stations and 8 self-service wash stations in Vilnius, Kaunas, Klaipėda and Molėtai, as well as company does daily cleaning of more than 360 offices. All services are done by 460+ employees. Company is seeking for 203,000 EUR financing for 3 months in order to partially prepay for equipment, which after installion will be leased back and loan will be repaid. Investors are offered 12.96% interest rate with monthly interest payments and principal repayment at the end of term. Company has successfully attracted 100,000 EUR in the end of 2017 trough Capitalia.com and services loan on time with remaining balance 51 thousand euros.
There is a number of factors that make investment in the Company an attractive opportunity and the main highlights are the following:
- The company has significant 20 years track record of successful operations in cleaning industry;
- Favourable economic cycle stage where consumer spending is growing;
- Diversified sources of income from 4 main fields of cleaning operations, and an equal split of retail and B2B sales;
- Financing attracted due to expansion in tunnel wash stations market;
- Company has audited financials;
- Guarantee is provided by two key shareholders who hold 80% of shares.