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Real Estate Rental Company Investment Opportunity in Koroba, Papua New Guinea

Property leasing business in Koroba offering guest rooms and facilities to government clients, seeks investment.

Established 10-20 year(s)
Employees 10 - 50
Legal Entity Public Limited Company
Reported Sales USD 237 thousand
Run Rate Sales USD 240 thousand
EBITDA Margin 40 %
Industries Real Estate Rental + 1 more
Locations  Koroba
Local Time 8:01 AM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 470 thousand for 20.0% stake (Native Currency: PGK 2,000,000)
Reason: Seeking investment for development of more properties for leasing. Investor will be given stake in ... View More
Includes physical assets worth USD 2.37 million
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Company Profile
Business Overview
- The business is strategically located in Koroba and operates within the property leasing industry.
- It offers 40 guest house-quality rooms primarily leased by government clients, including the Police and Defense Forces.
- The current facilities cater to government personnel providing security to various Government Institutions.
- A mechanical workshop, warehouse, and field service stations are under development, which will be available for lease to both government and private sectors.
- The business generates a consistent monthly rental income ranging between PGK 80,000 to PGK 90,000.
- Compliance and legitimacy are assured as the business holds the IPA, IRC - TIN, and Certificate of Compliance.
- Employing a workforce of 10, this business holds potential for expansion with its ongoing projects.
Products & Services Overview
Offering a range of services focused on accommodation and leasing facilities for government and private sectors.
Services:
- Guest house with 40 quality rooms.
- Mechanical workshop, warehouse, and field service stations are currently under development.
Current clients:
- Government departments, such as the Police and Defense Forces.
- Private companies in need of logistical support, vehicle maintenance, or storage facilities.
Assets Overview
Physical assets include the current guest house building which is almost PGK 2-3 million and the rest is the additional land available for development.
Facilities Overview
Own property of guest house property and 500k ha of land, located in Old Koroba Airstrip, Koroba.
Capitalization Overview
Self-funded.
No outstanding loans or liabilities.
There are 5 directors/shareholders in the business.
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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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