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Listing ID: 362 Total Viewed: 1

Rare gem of an established Material Engineering Company serving Marine, Construction, Oil & Gas (Sold)

Singapore

Asking Price : SGD11,500,000

Revenue: Not Disclosed

Cash Flow: Not Disclosed

Payable: Not Disclosed

Established: 1975

Gross Profit: Not Disclosed

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: Not Disclosed

Liability: Not Disclosed

FFE: Not Disclosed

Staff: 35

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

Reason To Sell
Owners would like to retire and looking for 100% exit
Business Description
Company Overview:

Established Singapore based company providing material engineering services in a hard-to-enter industry. Pioneer and market leader in several service segments over its long history, serving marine, offshore, construction oil and gas industries.

Investment Highlights:

1.       Ready portfolio of clientele and recognizable brand name

Given its consistently reliable and efficient services, it has successfully built a strong name, retaining clients which include blue chip companies. Operator switching in this industry is uncommon given the technical nature of work involved. Strong loyal client base expected to be inherited over the foreseeable future.

 

2.       Manufacturing excellence with customization capabilities

With a full range of machinery, the company offers comprehensive engineering capabilities where few companies are able to match. An initial capital outlay of millions at today's pricing will be required to successfully match its manufacturing capabilities. 

 

3.       Specialist workforce

Boasting a pool of in-house trained experienced technical experts, the company possesses the technical know how to provide specialist services to match clients' complex requirements. With a minimum years of service to be on an average of ten years, workforce is expected to be stable going forward.

Business Operations
Business Hour:
8AM to 6PM
Supporting and Training:
6 months to 1 year
Staff:
10 Local, 25 Foreigners
Property Information
Premise Status:
Own
Premise Size:
80000sqft
Rental Fee:
SGD0
Premises Detai:
A select piece of land right in the heart of industrial Singapore at Tuas, this 80,000 sqft leasehold land with a three storey building has expansion possibilities.
Other Information
Facilities:
80,000 sqft leasehold land with three storey building expiring 2030 (option to renew another 30 years) valued $8m Machines + Vehicles estimated value at $2m
Expansion Potential:
The Growth Ahead Occupying an industrial land area of 80,000 sqft, potential is largely untapped for developing related services to cross sell and upsell existing client base. With limited industrial space in land scare Singapore, the company is well-positioned with its unique technological capacity to surpass its 70% market share in several segments. Aggressive marketing will accelerate top line revenue with ample opportunities to grow vertical and complementary services. As Singapore continues aggressive infrastructural developments and given the company's manufacturing capabilities, the right management team put in place will be able to capitalize on major infrastructure and construction projects going forward.

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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