300 Acre Teak and Cacao Plantation Property for Sale

Description

BACKGROUND:
Belize Teak Ltd. (BTL) is a Belizean Company that has been working in the country planting Teak and Tropical Hardwood trees and Cacao trees for the export market. BTL owns all those pieces and parcel of land, structures and utilities being 299.12 Acres of land located near Machaca Creek Area Ref. #54/96, Commission of Lands Survey Entry # 3153 Reg #14, Dated Sept 17,1997, in the Toledo
District, Belize, C.A. 12 miles from Punta Gorda, Belize.
65 Acres are planted with 20  to 21 year old Teak (approximately 20,000 trees) approx 20% are between 8 and 12 years old. And another 25 Acres of 7 to 10 year old mixture of Teak Mahogany, Rosewood, Spanish Cedar Hardwoods. Approximately 66 acres are planted with Cacao (from 4 to 7 year old) 400 trees/acre more than 26,000. Of which 43 acres are now in the "conversion" to Organic. Meaning, since Jan 1, 2019 43 acres are fertilized with chicken manure instead of chemicals, and this was certified by the agronomist of Maya Mountain Chocolate. This will lead from next year a 10% premium for the cacao, and another 10% the year after, up by another 10% the third year to come. After which the 30% increase holds compared to today's non organic selling price.
We started producing Cacao in 2016, with 5000lbs produced an sold the product (dry cacao) at .28BZ/lb, and in the 2017 production there was 19000lbs of cacao sold. The 2018 production year was 30,000lbs and this years production 2019 arrived at 40,000lbs. This years revenue was above ,000USD.
We have been very pleased with the Quality of the Cacao produced and 2 Chocolate Factories have given it us A+ mark. We have connected to Maya Mountain Cacao who is interested in buying dried or wet for their Exports. About 40 acres are productive this year the rest within the next 2 years. We have a budget for 2019 a total of ,000USD of expenses, including Salaries.
Approximately 150 Acres are still Jungle and waiting for Clearing and Planting.
A Nursery exists on the Plantation and living quarters for the workers and their families. The Machaca Creek provides an abundant supply of water for irrigation. The Plantation is well maintained by a crew of 6 Workers and a Resident Manager (American Tropical Botanist). Potable water from the city. Solar and generator for electricity. Hydro available at Machaca Outreach, less than 1 mile away. New bridge and road allow all year motorized access, including big construction trucks.
Here are 7 reasons for purchase of this business.
Reason 1: The asking price is based on The Assets of the Corporation. There is NO premium for acquiring the Corporation.
Reason 2: The Corporation has NO DEBT. There is no financial risk and we are willing to undertake and guarantee it.
Reason 3: A Belizean buyer would pay 5% land transfer tax, and a foreign buyer would pay 15%. In our Sale, there are NO TAXES on the transfer of Shares.
Reason 4: The Company is fully operational. Has bank accounts with Scotia Bank. The new owner would be operational within 1 day.
Reason 5: The Company has a good reputation, it is well known in the area. The financial control is maintained in Toronto, according to the Canadian accounting standards.
Reason 6: The “DIGITAL ASSETS” (web site, PDF’s logos, etc) would remain with the new shareholder(s). The domains owned are:
www.PuntaGordaCacao.com
SUMMARY OF MAJOR ASSETS (conservative):
-300 acres of land @ raw land price of 00/acre for a quick sale 0,000 USD
-20 thousand hardwood trees, currently estimated conservatively at least 0 tree.
Estimated value at 0 USD per cu.m. 0,000 USD
Note that the world market price for teak is 00/cubic meter.
-66 acres of newly planted cacao, average age 4-7 years at $ 30/tree,
26,400 trees 2,000 USD
-
Equipment: Brand new tractor New Holland 55 hp, ford F150 4x4, sheds, container
for storage of cacao and lumber, 2 farm trailers, power washer, generator, chain
saws, kobelko mini escavator with trailer, Jeep Grand Cherokee diesel, F150 pickup
and other small tools and spare parts valued at current market value:
,000 USD
Total Asset Price ,051,000 USD
RETURN ON INVESTMENT
•Capital Gain on the land in the medium term. The current raw land price is below world market values. Equivalent land in Costa Rica, Panama, Paraguay is valued at 6 thousand USD per acre. A new highway is being built to connect Punta Gorda to Guatemala. And farms with more than 100 acres are becoming scarce as the land gets subdivided.
•Undervalued lumber. The value of the lumber has been estimated very conservatively, and will be higher, and it grows by each year.
•Diversification of portfolio for investors in Agriculture and Agro-Forestry in a developing country.
•Long Term Capital Gain. The development of the remaining 140 acres of productive farm will increase the total value of the Company.
•Cacao production in the next few years and lumber sales will pay expenses and produce a surplus.
Notes: 1 worker lives with his family adjacent to the Property.
Potable water from City, Solar and generator on site. Neighbors 1km away have city electricity. Access to the Farm available all year.
Available for due diligence, after having visited the Plantation:
1) map of property
2) Land survey references.
3) Legal conveyance of land from PanaceaGrowth (who at the time was in voluntary
bankruptcy, and subsequently ceased to exist).
4) Certificates of incorporation
5) Financial Statements at our legal Firm Coye & Coye
My partner loves this property and have been involved since the beginning but for personal reasons have decided to sell it. The sale price is lower then what has been invested in it and also for what the actual value of its lumber is worth. If you would like to Visit The Plantation, call or email us and it will be a pleasure to show you The Plantation. We have planned Monthly Visits at The Plantation, give us a call and JOIN US!
International Arrivals are at the Belize City International Airport, and then a drive (5hours) or fly (1hour) and arrive at the local airport in Punta Gorda, just 15 minutes drive away.
Address: Machaca Creek
Town: Punta Gorda Town
Neighborhood: Caribbean Sea
District: Toledo Latitude 16°11'0.27 Longitude 88°52'4.15
Price: 0,000 US (or make us a reasonable offer)
Lot Size: 300 Acres
Annual Property Tax : 490 USD