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Listing Id: 362 Last Refreshed: 26/05/2019 13721 Views

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

Closed
Asking Price <span class='currency'>S$</span>11,500,000
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
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
S$0

Business Operations & Assets

Staff
10 Employee
Year of Incorporation
1975
Owner Role
Full Time
Premises Details
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.

Business Details

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.

Facilities

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

Expansion Potential

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.

Buyer Support & Terms

Support and Training

6 months to 1 year
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