Coffee Estate Seeking Loan in Alotau, Papua New Guinea

- The business is located in Alotau and operates primarily in the used car dealership industry, specializing in importing and selling pre-owned vehicles locally.
- Under the current operations, the business successfully sells approximately 5-6 used cars each month to the local market in Alotau, ensuring a steady cash flow.
- Diversifying into agriculture, the business has initiated a cocoa plantation on 2 hectares of land with 1,000 cocoa trees already planted, which are expected to start yielding harvests from next year.
- Targets international markets, including India, Australia, and New Zealand, leveraging these regions' high demand for cocoa products.
- The company currently is in the process of setting up a fermentery and plans to expand further by constructing a warehouse to enhance its cocoa product storage and management capabilities.
- With the new cocoa initiative, the business is optimistic to achieve an annual revenue of approximately 5.8 million, estimating a robust 20% EBITDA margin, demonstrating significant growth potential.
- Seeking investment to facilitate this expansion into cocoa cultivation, this venture illustrates innovative cross-industry growth from car sales to agricultural wholesale, enhancing its revenue streams and market presence.
- Business has an operating license for both dealership and cultivation.
- Business generates high EBITDA from car sales but the loan will be used solely for cocoa cultivation.
- Both verticals of the business will be operated under the same legal entity.