Singapore  Singapore

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

Singapore

Date Closed: 25/03/2016

Asking Price: S$11,500,000

Overview

  • Premise Type N/A
  • Premise Size
  • Monthly Rental S$0
  • Rental Desposit N/A
  • 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 10
  • Established 1975
  • Source Direct Seller

Reason For Sale

Owners would like to retire and looking for 100% exit

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 Operation

8AM to 6PM
Business Hour
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
Facilities
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.
Expansion Potential
6 months to 1 year
Support and Training

Property Information

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.
Premises Details

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