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Listing ID: 4844
Total Viewed: 3617
Last Refreshed: 19/09/2018

LAST CALL! Durian Farm @Penang with Musang King for take over!

Singapore

Asking Price : SGD2,300,000

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 2000

Gross Profit: Not Disclosed

Inventory: SGD0***

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: SGD0***

Staff: Not Disclosed

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average

***NOT included in asking price

Reason To Sell
Change of business concept
Business Description

Penang Balik Pulau durian farm for sales, 14.75 acres, permanent freehold land lease, currently planting Musang King猫山王(60%),红虾(11%),葫芦(8%),林凤娇, 坤宝, no.604 and no.11 top class durian species, 60% of the durian trees are Musang King, about half of the trees are ready production. Average tree age 10 years(ready to ripe/production)

Selling price SGD 2,300,000 negotiable. Can arrange side visiting, have land lease to prove our ownership, this kind of durian farm is very fare as there are many same of a kind farm sold to China investor. 

Foreigner can buy the land, just need to register a pte ltd under a local's name, buy through the local name then transfer ownership of pte ltd to his(owner) will do. Land purchasing tax for foreigner is 6%, after 5 year can sell the land with tax of 5%, sell within 5 years is around 20% tax. No extra license to own and run a durian farm in Penang. Hand over knowledge and staff is possible. Can show you Garan (land lead ownership proof) if u are interested. 

Each year this farm can product up to 22000-33000kg of durian

1kg of Musang King is selling at RM100-140 this year, 1kg of other type of top Penang species like red prawn(champion durian of 1980+) and water gourd(champion durian of 1980+) are selling at RM 40-60 per kg

60% of them are Musang King and 40% other species, let's take the least market price to calculate, 

At the production of 33000kg  averagely each year Musang King sale will be 19800kg x RM100 = RM 1,980,000, the sales of other species will be 13200kg x RM40 = RM528,000, total sales = RM2,508,000

At the production of 22000kg  averagely each year will be Musang King 13200kg x RM100 = RM1,320,000, the sales of other species will be 8800kg x RM40 = RM352,000, total sales = RM 1,672,000

Currently only 5 Musang King tree is ready for production and 60 of them planted last year, can only start production after 3-4 years. So at the moment your durian sales value will be around RM700,000/year at 300kg production per tree.

However the durian production is effected by the weather, good weather might double up the production and vice versa, your technique of planting and your sales target (Musang King is selling at RM200-300/kg in China will affect the sale revenue.

Overall, durian farm investment is a very fast return investment project given the fact that the durian price is growing rapidly over the pass 5 years after China allow importing of durian from Malaysia. There are many China investor bought over the durian farms here especially from Penang.


Recently there are a few enquiry and keen to arrange side visit, any interested party please act fast, i will be there to bring you to the durian farm. 

Msg me your contact and email so i can contact you! Thanks!


Property Information
Premise Status:
Rent
Rental Fee:
SGD0
Rental Deposit:
SGD0 (NOT included in selling price)

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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