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Business for Sale Singapore - Electrical Engineering Company

Updated: May 23

K3754346



Business for Sale Singapore - Electrical Engineering Company


Electrical Engineering Company: A Turn-Key Solution Provider (For Sale - $3.5 Million)


A well-established electrical engineering company in Singapore is up for acquisition. 


About Them:


The Company, established in 2005, is a trusted one-stop shop for all your electrical and mechanical needs. They specialize in commercial, residential, and industrial projects, from initial planning to final execution.


Their Strengths:


  • Experienced Team: Their team of 60 skilled professionals is certified to OHSAS 18001:2007 and BCA L1 ME05 Grade in Electrical Engineering.

  • Upgradable Potential: Their current BCA L4 grading positions them for a seamless upgrade to L5 upon renewal, unlocking access to higher-value projects.

  • Proven Track Record: They have a successful history of completing projects across various sectors, including hospitals, hotels, data centers, and government buildings. (List a few high-profile projects here).

  • Commitment to Excellence: Customer satisfaction is their top priority. They deliver fast, efficient, and precise solutions for every project.


Their Services:


  • Electrical Installation & Maintenance

  • Mechanical Works (HVAC, Plumbing)

  • Clean Room Construction

  • Fire Alarm & Security Systems

  • Network Cabling & Telecommunication

  • Turn-Key Project Management


Why Choose the Company?


  • Reliable and trustworthy partner

  • Expertise in handling complex projects

  • Proven safety record

  • Dedication to quality and customer satisfaction

  • Positioned for Growth: Upgrade potential to BCA L5 grade unlocks access to bigger and better projects.


Completed Projects: A Showcase of Expertise


The Company has a proven track record of success across diverse projects. Here are some highlights:


Commercial:


  • People's Association at Jalan Besar: Turn-key electrical installation

  • EU Habitat @ Jalan Eunos: Electrical and potentially other M&E works

  • Fusionopolis Two & Nexus One North:  Electrical installations for these high-tech business centers

  • Todai Restaurant @ MBS:  Electrical fit-out for this popular restaurant within the Marina Bay Sands complex

  • 311 Thomson Road:  Electrical work for this commercial development

  • Electrical Installation for Google Data Center @ Bulim Ave:  A prestigious project showcasing their expertise in handling complex electrical systems for data centers


Hospitality:


  • Pines Hotels at Stevens Road:  Electrical work for this luxurious hotel


Government:


  • NCID at Jalan Tan Tock Seng:  Electrical work for the National Centre for Infectious Diseases


Industrial:


  • 400KV Switchroom at Jurong West Island @ Tembusu Ave:  High-voltage electrical expertise demonstrated in this critical infrastructure project


Other:


  • Solar Panels on Roof of HDB Dwelling:  Highlighting their capabilities in renewable energy solutions

  • Electrical Fit-Out Works for Existing Chevron House at Raffles Place:  Showcasing their ability to handle electrical upgrades in existing buildings


This is just a selection of their successful projects. Contact us to learn more about their comprehensive portfolio!




2023

2022


S$

S$

Revenue

6,148,000

3,330,000

Finance costs

49,000

61,000

Depreciation of property, plant and equipment

15,000

9,000

Profit before tax

72,000

67,000

Income tax expense

-

-

Profit for the year

72,000

67,000

Property, plant and equipment

74,000

51,000


Here are the key takeaways:


Company Highlights:


  • Founded in 2005, with a stable and growing track record (positive cash flow even in a slowing market).

  • Strong team of 60 skilled employees with full certifications.

  • Expertise in various electrical works for commercial, residential, and industrial projects.

  • Proven safety record with OHSAS and BizSafe certifications.

  • Strong qualifications (BCA L4 ME05 Grade, BCA CR01).

  • Healthy profit margins (average 20%).

  • Secured projects for the next 2 years with a combined value exceeding SGD8 million.

  • Potential for further growth with existing clients.

  • Founding owner willing to stay for 2 years to ensure smooth transition and support project completion.


Asking Price: SGD3.5 million (negotiable)


Additional Points:


  • The company's stability in a challenging market.

  • The skilled workforce and diverse service offerings.

  • The secured projects and potential for growth.

  • The owner's willingness to stay on for a smooth handover adds value.


Ready to take your business to the next level?


The Company is a thriving company with immense growth potential. They are seeking a motivated buyer to take the reins and capitalize on their upgradeability to BCA L5 grade.


If you're interested in a well-established electrical engineering company in Singapore with a positive outlook, this could be a good opportunity. However, it's recommended to conduct due diligence before making any decisions.


Contact us today to learn more about this exciting opportunity!


How Gold House M&A can Help


Here's how Gold House M&A could assist with the acquisition process:


Advisory:


  • Help identify the electrical engineering company as a potential acquisition target that aligns with your strategic goals.

  • Conduct market research to understand the electrical engineering industry in Singapore and the company's competitive landscape.

  • Perform financial due diligence to assess the company's financial health, profitability (20% gross profit margin is a positive sign!), and potential risks.


Capital Raising:


  • If needed, Gold House M&A can connect you with potential investors to secure funding for the acquisition. This could be crucial as the asking price is SGD3.5 million.


Risk Management:


  • Identify potential risks associated with the acquisition, such as integration challenges, hidden liabilities, or project delays despite secured future projects.

  • Develop strategies to mitigate these risks and ensure a smooth transition.


Value Creation:


  • Gold House M&A can help you negotiate a fair price for the company while maximizing value for both the buyer (you) and the seller (current owner).

  • We can also advise on strategies to optimize the company's operations and unlock its full growth potential, leveraging the existing client base and skilled workforce.


Informed Decisions:


  • With our expertise, Gold House M&A can guide you through the entire M&A process, ensuring you have the necessary information to make informed decisions at every step.


Reduced Complexity:


  • Navigating the complexities of a business acquisition can be overwhelming. Gold House M&A can streamline the process, handle negotiations, and manage the paperwork, reducing your workload and stress.


By leveraging Gold House M&A's services, you can increase your chances of a successful acquisition of this established electrical engineering company in Singapore.


Business for Sale Singapore - Electrical Engineering Company



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