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50 Years Old Highly Profitable Marine Fabrication & Metalworks Company

S$1,900,000

Enquiry

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+65 6356 9138

Description

Core business in marine fabrication and metalworks, focused on high-value fabrication in aluminium/stainless steel and other specialty metals

•Major business is in support of marine seismic vessels used in oil and gas exploration

•Stable customer relationships from long history of 50 years in market

•Standing contract with largest customer since 2005

•Further room to grow and offer new services to customer base

•Afloat repairs for current customer base

•Precision machining, laser cutting

•Investment in specialized welding technologies (hardbanding for oil and gas wear sleeves) –to penetrate oil and gas sector

Price

S$1,900,000

Location

North

Revenue

S$2,000,000

Net Profit

S$600,000

Company Type

Private Limited

GST Registered

Yes

Years In Business

Since 1965

Why Did We Set Up

Superb opportunity and Highly Profitable

Owners Role

Managing

Owners Background

Businessperson

Our Achievement

Well known for quality and timely works

Our Customer

Long standing

Our Competitor

A few

Manager

2

Full-Time

11

Part-Time

0

Premise Size

2000 sf

Lease Term

2 years

Rental

S$8,000

Trading Hours

8am - 6pm

Relocatable

Yes

Reasons For Selling

Retire

Cash For Expansion

Minimal

Back Up Cash

Minimal

Staff Staying

Yes

Training By Owner

Yes

Expansion Potential

Yes