Tropic Thunder Jetboat Business for sale, Port Vila, Vanuatu

 Adventure Tourism Business for sale in Vanuatu, South Pacific Islands

Tropic Thunder is Vanuatu's BEST and fastest jet boat adventure and offers a rare opportunity to purchase a highly sought-after and successful tourist operation in Port Vila.

The sale of this fantastic business and lifestyle opportunity comes with a sole cruise ship contract and with about 90 cruise ships calling into Port Vila each year, you are likely to achieve a 30% retun on Investment (ROI)

 The current owners are reluctantly selling as they need to focus on their many other business pursuits and are offering a 6 month performance guarantee.

The two jetboats come complete with a full spare motor, assorted parts, trailers and trade vehicle.

The boats are meticulously maintained and serviced including recent paintwork, new engine and electrics.

The boats are stored at the Port Vila Boatyard and share a pontoon on the waterfront with a shared office space in central Port Vila.

The business has never been in better shape and this is a prefect chance to get into the growing Vanuatu tourism market and gain immediate income with massive growth potential. 

Growth in Vanuatu has a track record of being a reliable and safe short haul destination for the Australian and New Zealand market.

Current Supplier Agreements in place guarantee strong cash flow and profitablility.

The Tropic Thunder offers a prospective purchaser a reputation second to none in the market place.

Vanuatu Taxation Overview:

Vanuatu is a tax haven, no personal or company tax. All profits earned are net to the business owner.

INDIVIDUAL TAXATION

INCOME TAX

There are no income taxes in Vanuatu, except on rental income.

RENTAL INCOME
Rental Income Tax

Gross rental income from leasing property is taxed in Vanuatu. The tax period is six months.

Example:
Effective Tax Rate on Rental Income
Monthly Income  US$1,500  US$6,000  US$12,000
Tax Rate  9.4%          9.4%          9.4%

INCOME TAX
TAXABLE INCOME, VUV (US$)  
TAX RATE
Up to 200,000 (US$2,210)  
nil
Over 200,000 (US$2,210)  
12.5% on all income over US$2,210

CAPITAL GAINS
There is no capital gains tax imposed in Vanuatu.
Stamp Duty

Transfers of local land leases are charged with 5% stamp duty. The transfer is also subject to an additional 2% Lands Records office transfer fee.

Transfers of real property are subject to a flat rate stamp duty at VUV3,000 (US$33).
PROPERTY TAX

There are no property taxes.

Vanuatu Overview: 

Vanuatu is an island nation located in the South Pacific Ocean. The archipelago, which is of volcanic origin, is some 1,750 kilometres (1,090 mi) east of northern Australia, 500 kilometres (310 mi) northeast of New Caledonia, west of Fiji, and southeast of the Solomon Islands, near New Guinea.

Vanuatu was first inhabited by Melanesian people. The first Europeans to visit the islands were the members of a Spanish expedition led by Fernandes de Queirós who arrived in Espiritu Santo in 1605. In the 1880s France and the United Kingdom claimed parts of the country, and in 1906 they agreed on a framework for jointly managing the archipelago as the New Hebrides through a British-French Condominium. An independence movement arose in the 1970s, and the Republic of Vanuatu was created in 1980.

Vanuatu is an island archipelago consisting of approximately 82 relatively small, geologically newer islands of volcanic origin (65 of them inhabited), with about 800 miles (1,300 km) north to south distance between the outermost islands. Two of these islands (Matthew and Hunter) are also claimed by the French overseas department of New Caledonia. Fourteen of Vanuatu's islands have surface areas of more than 100 square kilometres (39 sq mi). The country lies between latitudes 13° and 21°S, and longitudes 166° and 171°E.

From largest to smallest, these are Espiritu Santo, Malakula, Efate, Erromango, Ambrym, Tanna, Pentecost, Epi, Ambae or Aoba, Vanua Lava, Gaua, Maewo, Malo, and Anatom or Aneityum. The nation's largest towns are the capital Port Vila, situated on Efate, and Luganville on Espiritu Santo. The highest point in Vanuatu is Mount Tabwemasana, at 1,879 metres (6,165 ft), on the island of Espiritu Santo.

Vanuatu's total area is (roughly 12,274 square kilometres (4,739 sq mi))[15] of which its land base is very limited (roughly 4,700 square kilometres (1,800 sq mi)); most of the islands are steep, with unstable soils, and little permanent freshwater.One estimate (2005) is only 9% of land is used for agriculture (7% permanent crops, 2% arable land).The shoreline is usually rocky with fringing reefs and no continental shelf, dropping rapidly into the ocean depths.

There are several active volcanoes in Vanuatu, including Lopevi, as well as several underwater ones. Volcanic activity is common with an ever-present danger of a major eruption; a recent nearby undersea eruption of 6.4 magnitude occurred in November 2008 with no casualties, and an eruption occurred in 1945. Vanuatu is recognised as a distinct terrestrial ecoregion, known as the Vanuatu rain forests. It is part of the Australasia ecozone, which includes New Caledonia, the Solomon Islands, Australia, New Guinea, and New Zealand.