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Listing Id: 2100 Last Refreshed: 20/05/2021 14499 Views

30+ Years Successfully Established Fiberglass Product Business For Sale

Closed
Asking Price <span class='currency'>S$</span>6,500,000
Jurong West Manufacturing Businesses
Business For Takeover
This business has been Sold

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

SOLD

Overview

Financial Performance

Annual Figures
Revenue
S$8,300,000
Gross Profit
S$3,600,000
Net Profit
S$1,300,000
Monthly Rentalt
S$0

Business Operations & Assets

Stock
S$42,000
FFE
S$15,000
Receivable
S$2,300,000
Payable
S$1,000,000
Liability
S$300,000
Staff
13 Employee
Year of Incorporation
1982
Owner Role
Full Time
Premises Details
2 Story Terrance factory

Business Details

Reason For Sale

New generation not interested inheritance

Description

Company established for more than 30 years, and ISO 9001:2008 certified since 2003. The client from following industries:

1) Transportation

2) Chemical / Petroleum

3) Marine/Offshore

4) Building and Construction

5) Engineering work etc.


The company financial is very healthy, the sales revenue for 

Year 2014: Sales S$8.3mil, Net Profit: S$1.3mil 

Year 2013: Sales S$7.4mil, Net Profit: S$1.16mil 


The asking price exclude:

1) Property

2) Two factories in oversea


Facilities

Compressor, LRTM M/C, Welding M/C

Competition

There are not much competitor in Singapore. Most competitor are from oversea

Expansion Potential

Company had award a SGD8.8 mil project to supply bus pars for local transportation company. Other bus project in Hong Kong and Marine, Industry Project will continue as usual.

Buyer Support & Terms

Support and Training

Keyman will work for buyer for 2 years

Background & Skills

General engineering knowledge
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