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Vegetable Farm for Sale in Luganville, Vanuatu

Beachfront farm of 670 acres in Luganville, Vanuatu with a significant development potential for sale.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 240 thousand
Run Rate Sales USD 61 thousand
EBITDA Margin 40 %
Industries Vegetable Farms + 1 more
Locations  Luganville
Local Time 4:34 PM Pacific / Efate
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.18 million (Native Currency: VUV 140,000,000)
Reason: The decision to sell the business stems from the sellers’ desire for a lifestyle change and plans to... View More
Includes physical assets worth USD 1.15 million
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Business Overview
- The business is a large beachfront farm located in Luganville, specializing in cattle farming (cows), copra production, and fresh hydroponic greens. These products are sold to a wide range of wholesalers and retailers across Vanuatu.
- Additionally, the business owns substantial blocks of beachfront land, which are sold for both commercial and agricultural purposes, further enhancing its revenue potential and offering significant growth opportunities.
- Strategically located on a sprawling 670 acres, complemented by over 300 meters of pristine white sand beach. This prime location not only enhances the aesthetic appeal of the property but also underscores its potential in tourism and real estate.
- The business experienced significant revenue growth last year due to the successful sale of a considerable number of beachfront land blocks. Its consistent revenue stream, however, comes from the sale of agricultural products, including cattle, copra, and hydroponic greens, ensuring a stable and ongoing income while land sales provide additional revenue boosts.
Property features:
- Land area: 670 acres, offering significant space for agricultural and commercial development.
- Beachfront land blocks: 11 beachfront titles prime for development, ideal for resort or hospitality ventures.
- Water view land blocks: 10 titles with scenic water views, enhancing the attractiveness for residential and commercial properties.
- Agricultural land: 1 approved agricultural title for further subdivision, providing opportunities for expansion and diversification of land use.
Established markets:
The business has successfully established robust markets for the following key products:
1. Cattle: With a solid buyer base, the business has capitalized on the growing demand for beef products, ensuring sustainable revenue streams.
2. Copra: Utilizing coconut production to meet increasing market demands for coconut oil and related products.
3. Fresh greens: Hydroponic greens are in demand due to trends toward healthy eating, providing a consistent market input.
Brand reputation.
A well-known brand throughout Vanuatu for producing high-quality products. This reputation serves as a competitive advantage, fostering consumer trust and loyalty within local and regional markets.
Growth potential.
Given its current infrastructure and the favorable conditions of its products, the business demonstrates significant potential for growth:
- Diversification opportunities: With the capacity for further subdivision and development of various land titles, the business can explore commercial, and tourism avenues.
- Market expansion: Opportunities to expand existing market reach for cattle, copra, and fresh greens, along with potential new product introductions or innovations.
Products & Services Overview
The business offers a diverse range of products and services, including cattle farming (beef), copra production, and fresh hydroponic greens, which are sold to wholesalers and retailers across Vanuatu. Additionally, the business sells prime beachfront and water-view land blocks for both commercial and agricultural purposes, catering to developers and investors in the tourism, hospitality, and real estate sectors. These products and services are widely used by businesses in agriculture, hospitality, and real estate.
Assets Overview
Tangible assets include:
1. Land and property:
- Total Area: 670 acres of land which includes both occupied farmland and vacant land.
- Beachfront land blocks: 11 beachfront land blocks and 10 water view blocks. These properties add significant real estate value and attractiveness for potential buyers or investors.
- Agricultural land block: 1 agricultural title approved for further subdivision, providing operational capacity and future development potential.
2. Buildings and structures:
- Manager's home: A two-bedroom beachfront residence for the site manager, adding value as a living facility.
- Staff accommodation: Facilities that can house up to 12 staff members, supporting operational continuity.
- Generator shed/workshop: For housing equipment and ensuring operational reliability.
3. Equipment and machinery:
- Operational equipment: All necessary tools and machinery required for agricultural operations, including hydroponic systems for growing greens.
- Retail food trailer: A mobile unit for selling products directly to consumers, contributing to revenue generation.
4. Infrastructure:
- Solar power system: Renewable energy infrastructure that enhances sustainability and reduces operational costs.
- Utilities and amenities: Basic utilities and additional infrastructure that support daily operations.
The land and building comprises of ~80% of the total assets and the rest are amenities, infrastructure and utilities.
Intangible assets include:
1. Brand reputation:
- Quality recognition: Well-known in Vanuatu for producing quality products, particularly in the markets for cattle, copra, and fresh greens. A strong brand reputation can lead to customer loyalty and premium pricing.
2. Customer relationships:
- Established markets and buyers: Strong relationships with existing customers in the cattle, copra, and fresh greens markets contribute to steady revenue streams and facilitate future growth opportunities.
3. Intellectual property:
- Production techniques: Any proprietary methods or processes associated with hydroponic growing, cattle farming, or copra production that could offer a competitive advantage.
4. Operational knowledge and expertise:
- Management experience: Knowledge and experience of personnel in managing and operating a plantation business effectively contribute to overall success.
- Sustainable practices: Established operational methodologies that focus on sustainable agriculture add value and differentiate Lapita in the market.
5. Market position:
- Growth potential: The potential for growth and expansion in various sectors due to the unique location and existing infrastructure.
Conclusion:
The business assets comprise a robust mix of tangible and intangible resources. The tangible assets, including prime real estate, operational facilities, and equipment, provide a solid foundation for everyday operations and growth. Meanwhile, intangible assets, such as brand reputation, established customer relationships, and operational expertise, enhance the business’s market position and long-term viability. Together, these assets create a comprehensive value proposition that can attract potential investors and facilitate strategic growth for the plantation in the future.
Facilities Overview
The business not only boasts extensive land of 670 acres ownership which comprises of both occupied farmland and vacant land. Comes equipped with essential facilities and amenities that enhance its operational capabilities and appeal to potential investors. Below are key features related to the infrastructure and accommodations:
Infrastructure and amenities.
1. Manager's home:
- Type: Two-bedroom beachfront manager's home.
- Benefits: This residence offers comfortable living quarters for management staff, allowing for on-site oversight of operations and enhancing logistical efficiency. The beachfront location adds to the lifestyle appeal, making it attractive for management personnel.
2. Staff accommodation:
- Capacity: Facilities for up to 12 staff members.
- Features: Adequate housing for operational staff not only ensures availability of human resources but also positively impacts staff retention and job satisfaction by providing a supportive living environment.
3. Energy solutions:
- Solar Power: Use of renewable energy sources demonstrates a commitment to sustainability and reduces operating costs.
- Generator shed/workshop: Backup power solutions ensure uninterrupted operations, particularly in remote settings, by providing reliability for equipment and living spaces.
4. Operational equipment:
- All necessary equipment: The plantation is equipped with all the essential tools and machines required for day-to-day operations, reducing the initial setup costs for potential buyers or investors.
- Retail food trailer: Located in Luganville, this food trailer adds an avenue for revenue generation and allows for the marketing and sale of fresh produce and other products directly to consumers, enhancing community engagement.
Competitive advantages:
- Operational efficiency: The availability of a fully-equipped manager's residence and staff accommodations contributes to streamlined operations, enabling quick response times to daily challenges.
- Cost savings and sustainability: Utilizing solar power not only supports eco-friendly practices but also contributes to long-term savings on energy costs, which can enhance profitability.
- Market accessibility: The inclusion of a retail food trailer provides an immediate point of sale for high-demand products, increasing visibility and allowing for direct customer interaction, fostering brand loyalty.
Capitalization Overview
- Current financial position: Operates with a debt-free status, which is a significant advantage for the business. This financial strength allows for greater flexibility in decision-making, such as reinvesting profits back into the business, exploring new opportunities, or weathering market fluctuations without the burden of loan repayments.
- Self-funded operations: The business is funded entirely from its operational revenue, showcasing effective management of resources and a strong value proposition in the market. This self-sustaining model demonstrates that the business has a reliable income source, allowing for long-term stability and growth potential without reliance on external financing.
- Ownership: With only one shareholder, the business allows for streamlined governance and decision-making processes. This structure can enable quicker strategic pivots and operational changes as the shareholder can implement decisions without extensive consensus-building, thus enhancing responsiveness to market conditions.
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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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