Newly Established Petroleum Product Company Equity Stake For Sale in Lorengau, Papua New Guinea
New fuel farm and wharf business at Seadler Bay Harbour with significant potential, seeks investment.
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Petroleum Product |
| Locations | Lorengau |
| Local Time | 2:49 AM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
470 thousand
for
30.0%
stake
(Native Currency: PGK 2,000,000)
Reason: To complete the refurbishment of the fuel farm and wharf facilities and start operations.
Includes physical assets worth
USD
166 thousand
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Business Name
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Documents
National Procurement Commission Certificate
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Business Overview
- The venture is centered around a fuel farm and wharf located at Seadler Bay Harbour in Lorengau, Manus Island, specializing in the distribution of petrol and ADO diesel.
- Seeking partnerships or investments to complete refurbishment of facilities to enhance operational capacity and efficiency.
- Previously owned by Shell, the fuel farm recorded sales between PGK 100,000 to 200,000, showing solid market potential and room for growth.
- The fuel farm will provide high-demand fuel products, including petrol for pumps and commercial quantities of ADO diesel for businesses and vehicle fleets.
- Anticipates strong demand with an initial weekly off-take of approximately 10-15 KL of petrol and 20 KL of ADO diesel, with plans to scale operations to 60-70 KL.
- Targeting diverse clientele, including petrol station operators, local businesses, and vehicle fleets, highlights a broad market strategy.
- Business is legally compliant with a license from the National Procurement Commission Board and possesses all necessary land documentation, ensuring operational legitimacy.
- Projecting significant increase in sales volume post-launch driven by market growth trends, positioning the business for robust financial returns.
- Seeking partnerships or investments to complete refurbishment of facilities to enhance operational capacity and efficiency.
- Previously owned by Shell, the fuel farm recorded sales between PGK 100,000 to 200,000, showing solid market potential and room for growth.
- The fuel farm will provide high-demand fuel products, including petrol for pumps and commercial quantities of ADO diesel for businesses and vehicle fleets.
- Anticipates strong demand with an initial weekly off-take of approximately 10-15 KL of petrol and 20 KL of ADO diesel, with plans to scale operations to 60-70 KL.
- Targeting diverse clientele, including petrol station operators, local businesses, and vehicle fleets, highlights a broad market strategy.
- Business is legally compliant with a license from the National Procurement Commission Board and possesses all necessary land documentation, ensuring operational legitimacy.
- Projecting significant increase in sales volume post-launch driven by market growth trends, positioning the business for robust financial returns.
Products & Services Overview
Fuel farm products include petrol and ADO diesel and will be sold to petrol pumps, businesses and vehicle fleets.
Assets Overview
Physical assets:- Land.
- Fuel farm and wharf facilities, including storage and loading infrastructure.
- Eight T55 storage tanks.
Facilities Overview
Fuel farm and wharf located at Seadler Bay Harbour. Refurbishment is in progress. Property is roughly 1.3 acres and is owned.
Capitalization Overview
No outstanding loans but a company in Australia owes us PGK 1.3 million.Has one owner at the moment.
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