Singapore  Singapore

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Listing Id: 32194 Last Refreshed: 05/07/2024 Total Views: 455

Very Profitable BCA Registered Building & Construction Company For Sale With SGD9M Ongoing Projects

SembawangConstruction ContractorInterior Designer
Asking Price: S$7,000,000(Neg.)
Business For Takeover
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Overview

  • Premise Type Factory
  • Premise Size 5300 sqft / 492 sqm
  • Monthly Rental S$8,000
  • Rental Desposit S$24,000***
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff 50
  • Established 2006
  • Source Direct Seller
  • ***Inlcude in the selling price

Reason For Sale

Owner retiring

Description

The Company is registered with the Accounting and Corporate Regulatory Authority, ACRA, as an Exempt Private Company Limited by Shares. The Company has a paid-up capital of SGD1,000,000 at SGD1/share.

The Company is also registered with the Building and Construction Authority of Singapore, BCA, under workheads and/or License CW01, CW02, CR03, CR06 and GB2. It is also certified with Quality and Safety Certification like ISO9001:2015; ISO14001:2015; ISO45001:2018 and BizSafe Level Star

The company has proven tracked records over the last 18 years and the average income generated per year from the Company over the last 5 years during its operation from 2018 to 2023 was projected that the average income per year was in excess of SGD5M. Besides earning a monthly Director Fee, the owner was also being paid dividends. The largest being paid in 2022 was SGD2/share.

The Company has a backlog WIP in 2024 of about SGD9M

The Company is valued with income approach and goodwill on net intangible assets to be worth between SGD6,272,795 and SGD7,223,836 as of November 2023

Business Operation

The company has a tangible and intangible assets of more than SGD1million.
Facilities
The Company qualifies for the Class 1 General Builder license which is able to undertake and complete projects of any value.
Expansion Potential
All staff and operating structure to be handed over intact. Only change in owners.
Support and Training

Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable
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