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Listing Id: 31418 Last Refreshed: 06/11/2024 2853 Views

Solutions Provider For Oilfield And Industrial Needs - Turnkey Business Ready For New Ownership!

Under Offer
Asking Price S$8,000,000(Neg.)
This listing is currently On Hold.

The seller has temporarily paused this listing. It is not accepting buyer enquiries at this time.

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Business Operations & Assets

Owner Role
Full Time

Business Details

Reason For Sale

Owner Retiring

Description

We have been operating since 2001. It first started as a modest trading company focusing on a single line of products, its cleaning and maintenance chemicals for the oil and gas industry. Today, we are one of the leading suppliers of consumables and materials for oilfields and related industries, especially for demanding offshore businesses and multinational clients. All businesses today are B2B, and the main product lines are chemicals, oils and lubricants, safety and PPE, and general supplies. We are also manufacturing our own brands of chemicals, workwear, safety gloves, and safety boots, all of which are of premium industrial quality.

Why us? Our business strengths:
- Established since 2001
- Well-known in the international oil and gas industry
- Registered on numerous APV (approved vendors lists)
- Great track record and positive experience with customers
- Well-established sourcing network worldwide
- Profitable and easy-to-control tax-based income
- Own product lines (highest profit margin) past the initial launch period, starting to gain more recognition and strength, with great potential for future growth
- Increased high-value offers from customers
- Organic growth due to trust and past performance
- Well-established routines and procedures
- Experienced and competent team

Our Numbers: Proof of Success!
- 23 years in business
- 152 Active business customers (active within the past 18 months)
- 440+ Customers, including dormant
- 8,380 Email contacts on our active mailchimp account
- 1,000+ Vendors and suppliers worldwide
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