Yachts and Boats Business Seeking Loan in Veymandoo, Maldives

- Luxury speed boat building company, based in Maldives.

- Sold to the tourism companies and also to a few individual people.

- Used commercially by resorts for commuting between islands, fishing and sea sports activities.

- We build based on the orders we get.

- Receive orders for about 3 to 4 boats per year.

- Average value of each boat is MVR 350k and the duration for completion of 1 boat is 4 months.

- Raw materials are procured from Male and China.

- There is 1 permanent employee, additionally, there are 7 contract workers, working in the building unit.

- Has high demand because of the booming tourism industry and the entire country is separated by islands.

Luxury speed boat - Sold to the tourism companies and also to a few individual people.

Used commercially by resorts for commuting between islands, fishing and sea sport activities.

1 Motorcycle.

2 boats 22ft each.

Tools.

Rented facility of 2,000 sq ft, located in Hirilandhoo, Veymandoo, Maldives.

The business is self-funded.

No outstanding loans.

There is 1 director/owner.