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Newly Established Guest House Seeking Loan in Lae, Papua New Guinea

Recently established guest house and conference center looking for possible grants to expand accommodation facilities.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales USD 15 thousand
EBITDA Margin 12 %
Industries Guest Houses
Locations  Lae
Local Time 10:33 PM Pacific / Port Moresby
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 15 thousand for 15.0% annual interest, 5 years (Native Currency: PGK 60,000)
Reason: To improve and build more accommodation facilities.
Collateral Available: USD 8 thousand
Includes physical assets worth USD 15 thousand
Interested to connect with advisors
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Business Name
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Business Overview

We are a locally owned village guest house and conference facility. Located in the beautiful Busamang village in the Salamaua Coastline of Huon District, the facility comprises an 8-men room accommodation facility, a 150-seater conference facility, and a recreational area at its epicenter.

The facility provides not just accommodation but incorporates visits to clear waterfalls, sea exploration, bird watching, leatherback turtle observation, and last but not the lest taking a bath in the clear pristine waters of the Busama Coastline.

The guest house sits on an ideal 150m x 200m land space and is surrounded by lowland forest vegetation and white sandy beaches.

The facility was recently built to accommodate the ever-increasing demand for tourism activities in and around the Salamaua Peninsula of Morobe Province.

Due to the increase in the demand for proper facilities, the management of the facility embarked on a mission to improve the facility through expansion of the existing facility to meet the growing number of visitors and tourists and to provide additional amenities such as proper latrine facilities, water supply, electricity, and other necessary facilities to give the tourist the experience of a lifetime.

The guest house had its first lot of tourists who came to visit for the weekend. We also have day travelers who normally visit to spend the day at the beach or take a hike to the waterfall. Just within a span of three months heading into the Christmas and new year period, we had an influx of visitors who traveled in for holidays, however, we didn't have enough facilities to accommodate them. The current accommodation setting can only cater to 10 people.

Products & Services Overview

Guest house.

Conference facilities.

Beach swimming and diving.

Waterfall exploration.

Bird watching.

Leatherback turtle watch.

Coastline exploration.

Experience the village life.

Assets Overview

Tangible assets:

1. Accommodation building.

2. Conference facility.

3. 2 x boats.

4. 2 x 5 KvA genset.

5. Vehicle.

6. Multi-media systems.

7. Water supply facilities.

8. Beach front.

Facilities Overview

1.8 men accommodation with common or shared facilities.

2. Conference center that can cater to approximately 150 people.

Capitalization Overview

The business is solely funded by the owner.

It does not have any debts nor loans against it.

We are looking at expanding the facilities to meet the demands on visitors and international tourist.

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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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