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Construction Material Wholesale Company for Sale in Manama, Bahrain

Company dealing in dredging of sand and selling of unwashed sand for sale in Bahrain.
This transaction has concluded.
This Business is on a Premium Plan
Established 10-20 year(s)
Employees 10 - 50
Legal Entity C Corporation
Reported Sales USD 2.5 million
Run Rate Sales USD 2.5 million
EBITDA Margin Nil
Industries Construction Material Wholesale
Locations  Manama
Local Time 4:19 AM Asia / Bahrain
Listed By Management Member
Status Active
Overall Rating
Full Sale
Asking Price: USD 4.7 million (Native Currency: BHD 1,760,000)
Reason: The management intends to concentrate on core contracting functions.
Includes physical assets worth USD 4.7 million
Documents
Vessel 4
Vessel 1
Asset List
Vessel
Vessel 2
Vessel 3
Business Overview

- We are a sea dredging company with our main clients being major contractors, concrete manufacturers, government, and sand washing plants.

- The promoter acquired an existing dredging company that was operating for 3+ years.

- We deal in excavating the sea bed and selling washed and unwashed sand.

- The company has owned three ships and equipment.

- We also work on dredging projects for the government.

- Our last project was for 3 and a half years that involved dredging for 15 km.

- For selling our products, we charge our clients in advance. For the contracts, we have different terms and agreements depending on the project.

- The company has 7 owners and no outstanding liabilities.

- Since we were preparing for the sale, the business was not operational in the last year.

Products & Services Overview

Sand mining, capital dredging, dredging & reclamation, seabed cleaning & beach repair, marine construction & transportation.

Assets Overview

Dredger, barge, crew speed boat, tug boat (decommissioned), 4 mega + 2 mega pixel camera and SD card storage network video recorder, 2 mega pixel camera and SD card storage, CCTV camera, wireless mouse, computer monitor, CPU for weigh bridge printer, HP Probook, Dell laptop, laptop HP, software vision, office table, book shelf, office chair, visitor chair (office sets), office table l- shape, book shelf glass door, sliding door cabinet, double door refrigerator, workstation for 4 person, 2 set wood dining table for office, electric cooking range, refrigerator frost free double door, microwave oven 20LTS w/o grill, microwave, washing machine (front door type) capacity 7KG, electric cooking range with oven 4 burner, fridge for labour accommodation, washing machine, Samsung washing machine, whirlpool cooking stove, washing machine, window a/c, and copier, etc.

Facilities Overview

Operating on leased land in the Kingdom of Bahrain with an area of 14,587m2 and a monthly rent of BD 8,022. This area includes an office, shipyard, and dock.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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