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Building Contractor Investment Opportunity in Male, Maldives

24 year old well-established contracting company in the Maldives, seeking investment for execution of projects.

Established 20-30 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 35 thousand
Run Rate Sales USD 36 thousand
EBITDA Margin 40 %
Industries Building Contractors
Locations  Male
Local Time 12:48 AM Indian / Maldives
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 3 million for 40.0% stake (Native Currency: USD 3,000,000)
Reason: Seeking investment for completion of the projects in hand. The valuation is fair because the busine... View More
Includes physical assets worth USD 850 thousand
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Business Overview
- Contracting, construction & development company in Male, which has been in operation for 24 years and has established itself as a leading entity after the 2004 tsunami.
- The business caters to both government and private clients in the Maldives.
- The company has successfully completed projects for several high-profile clients, including Dusit Thani Maldives and J Hotels.
- Dusit Thani Maldives has awarded the company with the best contract of 2012 for their role in developing and constructing of Dusit and J hotels awarded excellence of project management of Kudarah.
- The company's current project portfolio consists of 8 to 10 ongoing projects, with a mix of government and private sector engagements in the tourism and corporate sectors.
- Despite the challenges of promotion in the Maldives, the company has established strong business relationships with leading entities and remains self-financed while also engaging in client-financed projects.
- The company has a successful track record, having completed an average of 3 projects annually with an average project duration of 2-3 years and an average value ranging from USD 200k to 400k.
- There are 30 permanent employees who are needed to run the business operations, which includes admin, management, project management and marketing staff.
Products & Services Overview
Services provided include contracting, construction & development of resorts & corporate buildings. Clients are both from the government and private sectors.
Currently all the projects are client financed.
Assets Overview
Physical assets include office equipment, vehicles worth ~ USD 50-100k and a few land plots worth > USD 700k.
Facilities Overview
Operating from 2 leased facilities in central Male. One is 3 story and the other one is 5 story.
Capitalization Overview
Most projects are funded by clients and few projects are funded by us.
Having a bank loan after covid 19 of MVR 1.5 million, which is being paid annually by 2 core owners with ownership of 50/50.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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