Newly Established Packaging Company Investment Opportunity in Suva, Fiji

Startup company planning to produce plastic like bags from cassava starch & vegetable oil derivatives.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales Nil
EBITDA Margin Nil
Industries Packaging
Locations  Suva
Local Time 2:12 AM Fiji
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 200 thousand for 20.0% stake (Native Currency: FJD 400,000)
Reason: Need one or a group of investors to meet the last 200k USD required for investment. We have one inve... View More
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Business Overview

- We are looking for one more investor or a group of investors to fill in the last 200k USD required for a start up. We already have an confirmed investor for 200k USD.

- Pre revenue stage startup company based in Suva planning to produce bags made of cassava starch & vegetable oil derivatives which contains no traces of polyethylene & polypropylene.

- Fijian government is looking to ban plastic usage. Current usage is around 80-90 million / year.

- Huge gap in the market as there is no strong substitute available for plastic bags. Hence we planned to start this business.

- Huge potential to expand into other South Pacific countries like Samoa, Tonga, Vanuatu, Nauru where plastic is also banned.

- Have received written interest from a few companies. Anticipated orders is around 200,000 bags per week. Expected to increase manifold when we actually begin openly marketing the company and product.

- Most of our clients would be supermarkets, restaurants and retailers.

- We also do R&D for non-plastic bottles.

- Founder has completed his degree from University of Auckland majoring in accounting and management and has more than 3 years of experience in business operations and business intelligence / analytics.

Products & Services Overview

- Supermarket grocery shopping bags, Fashion / Department / Retail Grip Hole Bags, Garbage Bags, Takeaway Packaging and Disposal Cutlery.

- Our products do not contain any polyethylene or polypropylene.

Facilities Overview
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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