Newly Established Trucking Business Equity Stake For Sale in Lae, Papua New Guinea
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | General Partnership |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Trucking |
| Locations | Lae |
| Local Time | 4:10 AM Pacific / Port Moresby |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
- The venture is set to leverage a B2B model, serving critical industries such as F&B and fuel, with intentions to initially operate within Lae before expanding throughout PNG and the Pacific.
- First plan of action includes utilizing available land for development into a warehouse, stockyard, operational, and administrative base, complete with necessary infrastructure improvements like backfilling and security fencing.
- Regulated service fees will be aligned with the Transport Authority's standard pricing to ensure transparent and fair pricing for potential clients.
- The business plans to create local employment opportunities, fostering economic growth and reducing unemployment rates in the community.
- Committed to promoting SME business in both urban and rural communities, thus contributing significantly to local economic development and GDP growth.
- A strong emphasis is laid on community support, with objectives to channel resources into building and supporting local churches and encouraging SME sector engagement among locals.
- The groundwork is complete, with the business plan prepared and registration under the IPA and IRC finalized.
- The promoter has over 20 years of experience across the manufacturing, agriculture, and retail industries, with expertise as a Human Resource Manager. His wife, a shipping and logistics expert, brings over 20 years of experience to the venture.
No outstanding loans.
There are 2 partners in the business, promoter and his wife.