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Newly Established Serviced Apartment Seeking Loan in Ternate, Indonesia

Non-operational business with 1 hectare of owned land and plans of building a new resort.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Other
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Resorts + 1 more
Locations  Ternate
Local Time 7:59 PM Asia / Jakarta
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 33 thousand for 11.0% annual interest, 5 years (Native Currency: IDR 545,000,000)
Reason: We are seeking funds to start the construction and establish the resort. The loan provider will be ... View More
Collateral Available: USD 73 thousand
Includes physical assets worth USD 73 thousand
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Business Overview
- The business is located in Ternate and plans to establish tourism facilities along with operating a gas station.
- Currently seeking investment to develop a resort on a 1-hectare owned land with plans to construct 10-20 rooms.
- The business is still in the planning stage and aims to initially build 9 rooms on a land area of 15x25 sq m, with future expansion depending on the funds acquired.
- The business highlights the potential market from the presence of over 10,000 industrial employees in the location, making it an attractive market for property entrepreneurs.
- The owner, while lacking experience in resorts, has a background as an industrial and office employee, providing relevant experience for the property business.
- The business’s strategic location and the potential for growth in the tourism and property market make it an enticing investment opportunity.
Products & Services Overview
- Upcoming resort facility on an island in Ternate with a focus on catering to industrial employees.
Assets Overview
The key tangible asset owned is the land of 1 hectare which is worth around IDR 1.2 billion.
Facilities Overview
There is currently no built-up area. Still in the planning stage.
Capitalization Overview
The business only has one owner.
Currently no funding has gone into the business.
A loan of approximately IDR 39 million has been taken.
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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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