Contractors Company Investment Opportunity in Malé, Maldives
|Employees||10 - 50|
|Legal Entity||Private Limited Company|
|Reported Sales||USD 200 - 300 thousand|
|Run Rate Sales||USD 311 thousand|
|EBITDA Margin||20 - 30 %|
|Industries||Contractors + 1 more|
|Local Time||4:59 PM Indian / Maldives|
|Listed By||Business Owner / Director|
- Construction and development company based out of Male, Maldives.
- The company specializes in building construction, sewerage, harbor construction, building maintenance, electrical wiring and installations, painting and interior decorations, welding, and related works, resort maintenance and renovation works, and tank solutions.
- The company has built a reputation for reliability and an excellent network of clients. Some clients are (Four Seasons Resorts Maldives, Grand Park Hotel, The CrossRoads Maldives, J Hotels, Mercure Hotels, Ooredoo Maldives, etc. )
- Over the years the company has worked with a number of private individual clients as well as large public sector enterprises. Have completed more than 15 projects to date. Currently ongoing 2 projects in two separate resorts.
- Have worked on numerous small & big projects in several resorts and local islands previously.
- The company has 15 full-time employees and other workers are hired depending on the project.
- We are looking to construct a 9-story building in Male City and that will bring enough profit to fund another building on our own. These projects are funded by banks and the land owner will be responsible for the loan. Our part is to pay Equity and in return, we will get 2-3 floor apartments for 15-30 years. Equity is around 80000 - 150000 $.
- Company's physical assets include equipment, motor vehicles, and machinery.
- Investor will receive a percentage stake in the company.
- After construction, these apartments can be leased.
- Duration would be dependent on the investment size.
- We can lease the apartments for 15 years to 30 years.
- The monthly rent from single apartments is expected to be USD 1,297 to 1,621.
Main lines of work include building construction, sewerage, Resort Renovation and maintenance, building maintenance, electrical wiring and installations, painting and interior decorations, welding and related works, Oil tanks refurbishments, general merchandising.
Physical assets include construction machinery, 3 motor vehicles, rappelling equipment, and safety maintaining tools, construction machineries, hardware tools, and heavy machinery. Operating restaurant. Experience, local advantage, tourism expertise, understanding of the geography.
As a construction company, most of the staff are based on work sites. All administrative work is done at an Rented office located in Hulhumale, the capital of Maldives. Business also has rented Cafe (1800sqft) and Accomodation unit for Staffs (800sqft).
Self-funded and two directors and develop with income and sales of the company. We also have operating Restaurant which gives us good working capital to fund small projects. In most of the big projects we take advance of 30%-50% and that's how we manage. The business does not have outstanding liabilities.
Earlier than 15 daysFounder, Mumbai, Financial Consultant connected with the Business
Earlier than 15 daysPrincipal Architect, Architect, Bangalore, Individual Investor / Buyer connected with the Business