Prime business start-up opportunity in the Maldives. With a huge number of 5-star hotels operating from the various islands in the Maldives, a great need exists for a centralised cold storage facility to assist them in their hotel operations.
Presently the logistics for procuring perishable food items are an absolute nightmare for all of the hotel chains. They are forced to transport their food requirements in transport boats which often have a limited capacity, and are small, slow and inefficient. Often these boats either break down or are late, leading to huge losses due to expiring food with a limited shelf life.
The proposed cold storage facility will handle everything from meat and dairy to vegetables and frozen goods, and can potentially handle canned goods in a low cooling environment. Initial reports suggest that even after allowing for a delivery charge and decent markup, the hotels will still be receiving a 35-40% saving on their present form of food importation.
The proposed venue is a central location accessible to a large number of star quality resorts, and canvassing has revealed that they are ready to sign on for the services as soon as the facility is built. With a further 15 hotels due to be completed in the next couple of years, as well as the local island communities as potential customers, there is a massive scope for expansion and increasing the customer base.
Investment amount sought is $4 million US. A detailed feasibility study and financial projections have been completed by a trusted third-party investment firm, and these are available to approved potential investors. The moderate financials demonstrate the capacity to generate a $5.2 million US profit after 8 years on top of the return of capital to the investor, making it an extremely viable proposal.