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Engineering, Procurement & Construction Company Investment Opportunity in Tirana, Albania

Engineering consultancy and design in transport infrastructure seeks funding for working capital and clearing debts.

Established 30-40 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 182 thousand
Run Rate Sales USD 316 thousand
EBITDA Margin Operating at loss
Industries Engineering, Procurement & Construction
Locations  Tirana
Local Time 4:50 PM Europe / Tirane
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 600 thousand for 49.0% stake (Native Currency: ALL 50,000,000)
Reason: - Close debts and initiate a new sales strategy. - With the upcoming projects, financial stability ... View More
Includes physical assets worth USD 300
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Business Overview
Main revenue comes from engineering services, especially from foreign partners contracting us for local or international services.
Actual clients include EBRD, EIB, Systema Consulting, Sintagma Ingegneria, VIA Engineering, PINI, Albanian Roads Authority etc.
The company relies on an excellent reputation among the highest levels in Albania, despite the fact that corruption and bribery have made it fall back in terms of Government-managed tenders winning. International companies recognize the capabilities and consider the company before any other one when looking for quality jobs.
Our sales growth can be attributed to the acquisition of projects with higher budgets.
We typically work on road design projects with budgets ranging from EUR 300k to 900k. Given the relatively large scale of these projects, we may undertake up to three projects concurrently. In such cases, we hire temporary engineers and to the projects' needs and deadlines.
Products & Services Overview
Engineering services - Governments to commission construction works, infrastructure owners to commission construction works, private investors to ascertain effective investment, contractors to improve or update their projects.
Study and consultancy services - Governments to gain new insights and evaluate future investments, private investors to plan future eventual investments.
Construction works supervision - Governments and infrastructure owners to check and ensure the quality of construction.
Assets Overview
The main intangible asset is the workforce and reputation built over 30 years of existence and the 2 decades prior to that from the reputable work done in the public sector by the founders.
The company doesn't own many tangible assets apart from 2 cars (4x4), office equipment and furniture.
Facilities Overview
The office is based in a full floor office of 340 sqm recently renovated. It is rented from the main shareholder. The office includes two open spaces for engineers, separate offices, a reception, two restrooms, a kitchen for the staff, a meeting room with audio-visual equipment, two balconies and a veranda.
Capitalization Overview
The company is generally funded by the income from projects. The actual income is lower than the expenses, and the company has already spent its reserves, the CEO and two of the quota holders are financing it until the new project starts (expected within 30 days). A loan of EUR 75,000 has been received from one of the micro-credit institutions and is due in 6 months. Some collaborators have not been paid in full yet for the jobs done which will impact the income from the next project. The total due amounts are about EUR 200,000.
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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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