Rapid Electrical is Port Vila’s largest electrical retail and trade services business, operating from two locations - Down Town Port Vila and their flagship shop at Champagne Estate.
Rapid Electrical was purchased by the current owners in July, 2006 and handover was effected in December, 2006. The prior owner and founder of Rapid Electrical had operated the business for some 12 years.
The profile of Rapid Electrical in 2006 was heavily focused on supplying the trade industry and running a small team of local electricians.
Only a small compliment of white goods was sold and holding stock was almost non-existent for the retail sector of the business.
It was early 2007, that expansion of the retail section began with attendance at the Canton Fair, Guangzhou, China. Also, new suppliers in New Zealand, Australia, Fiji and Singapore were established.
During 2007 Rapid Electrical moved quickly and aggressively into small electrical appliances, gas water systems, air conditioning , security systems, home music systems, Televisions, DVDs and expanded their white goods range significantly.
Products have been sourced extensively through Asia and the South Pacific with retail now contributing for 80% + of the Company’s turnover. We continue to maintain our competitive edge as Rapid Electrical is the only retail business that offers warranty and can service and repair appliances.
In early February,2013 Rapid Electrical moved to new and larger premises at Champagne Estate, Port Vila’s Commercial Zone. This allowed for greater show room potential, a larger workshop and warehousing on-site (previously this had been external), also 2 apartments, one of which is commercially leased the other accommodates some of Rapid Electrical’s expatriated staff.
Rapid Electrical currently employs 14 Ni-Vanuatu staff and 3 expatriated staff from Fiji consisting of 2 Senior Electricians and one General Manager. As part of this contingent we have a team of 3 junior Ni-Vanuatu electricians skilled in all facets of commercial and domestic electrics, appliance repairs, air conditioning and alarm installation and maintenance. Current owners work with compliance, purchasing and finance, neither are full time.
The main focus of our technicians at present is jobbing, although we are very competitive in air conditioning supply and install, the service contract side of this is huge and has great potential to be developed as sourcing major jobs both private and Government. Plumbing could easily be added as a service.
Rapid Electrical is the exclusive agent for Simpson, Electrolux, Ness Alarms, Midea, Modyl (specifically manufactured for the South Pacific) Nilfisk and Yingli solar products.
Many of the large resorts continue to order via Rapid and almost all of the resorts carry 30 day accounts with the company. All major and minor trades people purchase from Rapid Electrical and again many have 30 day accounts. Noteworthy is the fact that of the other 3 large electrical services companies in Vanuatu all have substantial accounts with Rapid.
Any new owner has huge potential to expand this solid business without the need to expand the product lines by simply marketing more to the new developments in the country.
The business definitely needs some new blood to drive the technology of sales throughout the country.
The Down Town Shop was extended from a small shop to double size late 2013. These shops are available for lease at market value.
The main store and warehousing is available for purchase or lease at market Valuation.
Rapid Electrical is owned by Alarms and Services Ltd, which is a limited company in Vanuatu administered by Law Partners and was initially established over 20 years ago.
The owners of Rapid Electrical have decided to sell the business as they want to focus and expand their property portfolio and travel more frequently.