Agriculture Wholesale Business Equity Stake For Sale in Lae, Papua New Guinea
Non-operational Lae-based seafood sourcing and supply business aimed at supporting local fishing communities, seeks investment.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | USD 15.5 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Agriculture Wholesale |
| Locations | Lae |
| Local Time | 1:16 AM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
17.7 thousand
for
20.0%
stake
(Native Currency: PGK 80,000)
Reason: Seeking investment to re-establish a cold storage facility and resume seafood sourcing and supply op...
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Taxpayer Registration
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IPA Registration
(552.9 KB)
Certificate of Good Standing
(535.5 KB)
Business Overview
* Located in Lae, the business is focused on purchasing, processing, and supplying fresh seafood sourced from local communities on Siassi Island.
* The business operated for one year and was subsequently non-operational for the last two years due to working capital constraints. During its operational year, it generated revenue of approximately PGK 70,000.
* When operational, the business sourced seafood directly from local fishermen, handled cold storage, and supplied fresh seafood products to local supermarkets and restaurants.
* The business aims to resume operations and eventually develop into a full-fledged family-owned company offering additional services, including consulting, culture, and tourism.
* Its broader objective is to improve livelihoods and reduce poverty in remote island communities by creating market access for local fishers and providing affordable goods and services.
* The business holds IPA registration, a Certificate of Good Standing, and taxpayer registration.
* The business operated for one year and was subsequently non-operational for the last two years due to working capital constraints. During its operational year, it generated revenue of approximately PGK 70,000.
* When operational, the business sourced seafood directly from local fishermen, handled cold storage, and supplied fresh seafood products to local supermarkets and restaurants.
* The business aims to resume operations and eventually develop into a full-fledged family-owned company offering additional services, including consulting, culture, and tourism.
* Its broader objective is to improve livelihoods and reduce poverty in remote island communities by creating market access for local fishers and providing affordable goods and services.
* The business holds IPA registration, a Certificate of Good Standing, and taxpayer registration.
Products & Services Overview
- Fresh seafood such as reef fish, crabs, lobsters, oysters, and other locally sourced marine products.- Primarily purchased by local supermarkets, restaurants, and other buyers seeking fresh, locally sourced seafood.
Assets Overview
Physical assets: The business currently has no physical assets of significant value.Intangible assets: Intangible assets include established supplier relationships with local fishermen, and customer relationships.
Facilities Overview
The business does not have a dedicated facility and was previously operated from the owners’ residential premises.Fishing and purchasing operations werre based in Aronai Mutu Village in the Siassi Archipelago, while administrative functions were handled from the headquarters in Lae.
Capitalization Overview
* Self-funded.* No outstanding loans or liabilities.
* The business has two partners: the promoter and his father.
Tags:
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