Listing Id: 2101
Last Refreshed: 07/05/2019
Total Views: 18101
(Expired)Established Tower Crane Operator (Supplier) Company For Sale
Central AreaConstruction Contractor
Asking Price: S$100,000
Business For Takeover
Look For Investor
Look For Partner
- Overview
- Reason For Sale
- Description
- Business Operation
- Property Information
Overview
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Premise Type
N/A
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Premise Size
-
Monthly Rental
S$0
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Rental Desposit
N/A
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Revenue
S$50K - 100K
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Liability
S$0
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Gross Profit
S$20K - 50K
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Net Profit
S$20K - 50K
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Stock
N/A
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FFE
S$0
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Payable
S$52,000
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Receivable
S$78,000***
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Owner Role
Full Time
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Staff
0
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Established
2013
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Source
Direct Seller
Reason For Sale
Might need to travel overseas for extended period of time and change of industry
Description
Established and Reliable tower crane operator company for sale.
- Good credit score among major bank
- Business loan eligible
- Zero/No existing loans to service
- Positive cash flow
- Reliable and experience pool of tower crane operators (Singaporeans / PRs)
- Valuable extended database of Construction companies in Singapore
- Gain confidence and authority among potential clients with strong portfolio of past/previous jobs/sites
- Beautifully doned-up website with domain name
Additional Perks
- Turn-key solution: with a pool of reliable and professional tower crane operators (unlike those 1-2 man self-operators)
- Turn-key solution: valuable extended database of Construction companies in Singapore
- Brand new tower crane operator contract for 2 operators - Instant revenue and mitigate risks
New owner(s) would be able to use our extensive (in-dept details) database of construction companies in Singapore to source for new clients with a pool of reliable and experience tower crane operators (Singaporeans / PRs). A good standing and credit score. Eligible for business loan. Positive cash flow and zero business debt.
Past performance, revenue, etc are all indicative only. Taking over this company will open doors, short-cuts and speed things up. However, like any other business, hard work and dedication is required.
Serious buyers only. The value is for the convenience, the extensive in-dept database that of companies, invaluable datapool of reliable tower crane operators (Singaporean / PRs), good standing with banks, min 2 years required to have business loan, branding, positive cash flow, new contract to kick-start and more.
Taking over finances - Indicative as of 11th Nov 2015
Business receivables (Sep - Dec): ~ $78k
Business payables (Sep - Dec): ~ $52k
New contract worth (paper value*): ~ $90k
Asking price includes the the receivables, taking on the payables, the new contract for ~ 1 year, valuable databases and contacts.
*Paper value is based on contract. Does not include overtime and other factors that will usually result in much higher value as compared to paper value
Business Operation
One of the very few major players. The others are all freelancers that are a one-man band.
Competition
Definitely, huge potential. Like all other business, hard work and effort is needed. However new owners get short-cuts and a faster route to expand with one new contract already in place.
Expansion Potential
Yes, support and training will be provided
Support and Training
Property Information
Yes, it can relocate to other place
Relocatable
Yes, it can work at home
Home Base