Stone Veneering

Business in Construction

Sector: Construction

Country: Uganda

Finance need: USD 150,000

Turnover 2015: USD 150-300k

Year of establishment: 2011

Fast growing Ugandan company seeks investment for the next step in business      

Product, market solution and potential

Founded in 2011, this stone veneering company has seen an incredible growth right from the start. With selling veneer as a decorative construction material to commercial projects and to (high-end) domestic clients, they have found a market niche in both the local Ugandan and regional market. The company has been very successful; there is even a growing waiting list of potential customers.

Entrepreneur & team

The entrepreneurial team is very committed and credible. They have brought the company in five years from a startup to a fast growing SME, showing double-digit growth every year. Now they are ready to build a solid management team for the next step in their business.

Turnover & investment need

In 2015 turnover was in the category of USD 150-300k and is expected to nearly double in 2016. To facilitate their growth, the company searches for an investment of USD 150k, preferably loans, but partly equity is negotiable.

The investment will mainly be used for new machinery, extra stock and working capital. Soon the factory will move to new premises that can accommodate future expansion.

Impact

The company works with a number of stone quarries for their supply. These quarries have associated around 600 workers. The stone veneering company has put efforts in improving the working conditions of these workers by supplying protective wear and, as part of the BiD Business Development Support program, the company explores partnerships to further improve these conditions.

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