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Leading Timber, Joinery Business In Paradise For Sale

Port Vila, Vanuatu
Asking Price:
$950,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$500K - $1M (USD)
Cash Flow:
$100K - $250K (USD)

Established in 1997, this successful Timber, joinery and cabinetry manufacturing business is situated in the Tax Haven of Vanuatu.
Vanuatu is a tropical archipalago of 80 odd islands lying 3 hours east of Sydney, Australia and about 3 hours north of Auckland, New Zealand. The islands are serviced weekly by several international flights and ships.
Tourism and several weekly visits by Cruise Liners are growing industries.

The Capital, Port Vila is a thriving hub housing many ex-pat businesses and a vibrant ex-pat community. People are relaxed, friendly and enjoy a unique island life-style.

The majority of our local work is in filling orders which include domestic projects, commercial shop-fitting and work to several international hotels and High Commissions.
Off cut timber is used for breadboards, picture frames etc. which supply gift shops in town. Our boat building section offers services to the international yachts that visit our shores yearly from May to November.
There are several opportunities for expansion, namely in construction, retail and export.
Our furniture timber is sourced locally with panels and speciallity hardware imported from both New Zealand and Australia.
The business supports a core of 8 qualified experienced and loyal staff members with 4 assistants and 2 trainees.
Our steel building covers an area of 300 square meters on a property of 2000 square meters. There are timber racks holding an air-drying stock of +/-80 cubes of local hardwood.
The property is fenced and on the main ring road of the capital city of Port Vila 10 minutes from the CBD and from Bauerfield International Airport.The business comes with a "C" category license, registered business name and residency permits.

The current owner would like to retire and is looking for someone with a passion for hardwood and furniture to purchase this well-established business.

Property information

Real Estate:

Real Property Included

Living Accommodation:

The office area above the factory could easily be made into accommodation.

Location:

Port Vila Vanuatu

Premises Details:

500m2 of work shop built on a 2970m2 block.
There is a cottage for the security staff.
Timber racks holding 85 m3.

Size in square feet:
2970m2

Business Operation

Expansion Potential:

The export market and retail furniture is a definite expansion in the making. Boat building and construction.

Competition / Market:

We have a niche market and the only competition is a French joinery company , with whom we tend to share contracts when they arise.

Reasons for selling:

Retirement

Trading hours:

7 am to 5 pm Mon to Thurs. 7 am to 330 pm Fridays. Overtime Saturday 7 am to 12 pm.

Employees:
16
Years established:
Twenty

Other Information

Support & training:

OWNER WILL allow 3 MONTH training and due diligence

Owner financing:
Owner financing is available. Please contact the seller for more information.
Furniture / Fixtures value:
$60,000 (USD) - included in the asking price
Inventory / Stock value:
$380,000 (USD) - included in the asking price
Website:
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Relocatable:
This business can be relocated.

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