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Listing Id: 272 Last Refreshed: 06/07/2020 20382 Views

24 Years Ship Repair and Marine Engineering Services Company

Closed
Asking Price <span class='currency'>S$</span>4,500,000
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$170,000
Gross Profit
S$100,000
Net Profit
Not Provided
Monthly Rentalt
S$5,600

Business Operations & Assets

Stock
S$1,870,000 Price Included
Staff
24 Employee
Year of Incorporation
1989
Owner Role
Full Time
Premise Status
Rent

Business Details

Reason For Sale

Owners retiring

Description


The company established since year 1989, with 24 years of experience in this line of business, to serve marine and industrial companies in the repairs and servicing of high and medium speed diesel engines, auxiliary machineries and miscellaneous mechanical equipment.  



The clientele ranges from government bodies to private regional shipping companies. 



Company is achieve with following certifications




  • ISO 9001:2008 



  • BizSafe Level 3 



  • Licensed by Port of Singapore Authority to carry out repairs including working at wharfs and terminals as mechanical contractors.



  • Registered with the BCA under the registration head ME11 - Grade 2



  • Circle of Excellence Award for Offshore and Marine Industry 2012/2013




The Company has a new factory with 60 year lease beginning from Oct 2000. It is equipped with a 10 tonne overhead travelling crane. Facilities include equipment for testing of diesel engines after rebuilding. Other equipment includes lathe, drilling, portable diesel welding equipment. Transport vehicles include 3 Lorries, a 3 tonnes forklift and one van.



 


Buyer Support & Terms

Support and Training

12 months

Background & Skills

Marine/ mechanical engineering
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