Profitable Ship Repairing Company for Sale in Singapore

The business primarily delivers marine and offshore electrical engineering services, including commissioning, conversion and repair works for FPSOs, drill ships and offshore platforms. It also provides technical manpower deployment services for marine, oil & gas engineering and construction companies. Key clientele includes major shipyards and offshore contractors such as Seatrium, Sembawang Shipyard, Keppel, Jurong Shipyard and Dyna-Mac. Tangible assets:
• Industrial factory (building) with integrated worker dormitory facility – Approximately SGD 5.2 million.
• 4 office units in Singapore – Approximately SGD 1.3 million.
• 3 operational lorries – Approximately SGD 180,000.
• Machinery, tools, and operational equipment – Approximately SGD 220,000.
• ERP systems, HR systems, and cloud-based operational infrastructure – Approximately SGD 100,000.
Intangible assets:
• Longstanding relationships with established marine and offshore industry clients.
• Secured project pipeline with multi-year revenue visibility.
• Approved contractor status with a leading offshore and marine group.
• Skilled workforce supported by experienced operational and project management teams.
• Deep offshore and marine engineering expertise developed over multiple decades.
• Established execution track record across FPSOs, FSOs, drill ships and offshore platforms.
• Industry certifications including bizSAFE STAR, ISO 9001, ISO 14001, ISO 45001 and CompEx.
• Strong business goodwill, customer relationships and operational know-how.
• Existing quotations, active contracts, project relationships and recurring technical manpower business. - The business owns and operates an industrial facility in Singapore with integrated dormitory infrastructure supporting offshore project operations and workforce accommodation.
- Land is leased and spans approximately 7,233 sq ft of land area with a owned building of built-up area of around 11,443 sq ft.
- Facility infrastructure includes storage space, an NDT room and MOM-approved dormitory accommodation with capacity for 44 workers.
- The land is held under a long-term leasehold arrangement with approximately 30 years of lease tenure remaining.
- The group also owns 4 office units supporting both operational and recurring rental income objectives.
- One office unit is utilized for internal administrative operations while the remaining 3 units are leased to third parties, generating stable rental income.
- The leased out office assets are under long-term lease arrangements with remaining tenure and potential extension opportunities.
- The business additionally owns operational vehicles, machinery, and engineering equipment, enabling immediate project mobilization and execution readiness. - Integrated ERP, HR, and cloud-based operational systems are fully implemented to support workforce management, project coordination, and business operations. The business is privately owned by the founding shareholders together with selected family members and senior staff shareholders across 3 operating entities. Ownership structures are as follows:

• 1st entity – 100% family shareholder ownership.
• 2nd entity – 84% family shareholder ownership and 16% senior staff ownership.
• 3rd entity – 72.5% family shareholder ownership and 27.5% senior staff ownership.

The business has an outstanding property loan of approximately SGD 2.09 million secured against the industrial property. Sellers are prepared to settle the outstanding property loan as part of transaction discussions.