Individual Buyer in Singapore Looking to Buyout Building, Construction and Maintenance Businesses Upto SGD 3 million

Independent buyer actively seeking solid, cash-flowing businesses with strong customer relationships and operational backbone. I focus on deals where continuity and efficiency matter — not turnarounds. My acquisition process is straightforward, transparent, and numbers-driven, with an emphasis on maintaining existing teams and ensuring smooth ownership transition.

Acquiring / Buying a Business, Buying Business Assets

I’m disciplined about buying durable, cash-generative, contract-based service businesses. Below are the specific factors I screen for, plus examples of businesses I like and avoid.
1) What I look for (and how I assess it)
- Revenue quality & durability.
- ≥70% recurring/contracted revenue, multi-year MSAs with renewal history.
- Low churn, clear SLA/KPI frameworks, and step-up/escalation clauses.
- Margin health.
- EBITDA margin 12–20% (higher if niche/complex).
- Contract-level gross margin reporting; no structural loss-making contracts.
- Cash conversion.
- DSO ≤60 days, DPO aligned; clean AR ageing; 90-day debtors.
- Limited bad-debt history and predictable payroll/consumables cadence.
- Concentration risk.
- Top client ~ 30% of revenue; top 3 ~ 60%
- No single contract expiry that jeopardises the year.
- People & key-person continuity.
- Stable ops leadership willing to stay 6–12 months.
- Documented processes; minimal “tribal knowledge. ”
- Compliance & reputation.
- Clean record with regulators (example - BCA/SCDF/NEA/ISO/bizSAFE where relevant).
- Appropriate insurance (WICA, public liability, PI).
- Capex & asset cycle.
- Low to moderate capex needs; assets in good condition; no big replacement cliff in 12–24 months.
Working capital & liquidity.
- At least 3 months of operating cash at completion, or a price true-up/working-capital adjustment.
- Access to an undrawn WC line for timing gaps.
- Operational systems.
- Use of CMMS/ERP/ticketing, basic dashboards (SLA compliance, first-time fix, margin by contract).
- Growth & defensibility.
- Clear upsell/cross-sell (retrofits, energy efficiency, compliance upgrades).
- Some moat: certifications, skilled crews, response times, relationship depth.
- Deal hygiene.
- Straightforward SPA, 3–6 month structured handover, 3-year non-compete/non-solicit.
- Openness to seller financing/earn-out tied to EBITDA or renewals.
- Valuation in a sensible band (typically 4–6× EBITDA, higher if growth/quality warrants).
2) Businesses I like (Singapore context)
- Integrated facilities management / hard & soft FM (M&E, HVAC, fire safety, cleaning, landscaping) with multi-site contracts.
- Technical maintenance services (chillers/cooling towers, building automation/BMS, energy retrofits).
- Regulated essential services (pest control, waste management) where certifications matter.
- B2B field services with route density and repeat schedules (Example - Hygiene, water treatment).
- Niche healthcare services networks with recurring corporate contracts (not single-doctor dependent).
Asset-light logistics support (Example, last-mile B2B service & maintenance, not speculative fleet ownership).
- Why: sticky contracts, operational levers I can improve, steady cash conversion, and scope to professionalize (dashboards, pricing, procurement).
3) Businesses I avoid (or price very cautiously)
Single-site F&B or fashion retail (footfall/seasonality risk, high churn).
- Project-only contractors with lumpy revenue and weak backlog.
- Commodity trading/brokering with thin, volatile margins.
Key-person clinics/consultancies without documented processes or bench depth.
- Highly capex-heavy businesses with imminent replacement cliffs or tech obsolescence.
- Event/marketing agencies with non-recurring spend and client concentration.

• Connected with 10+ businesses
• Received 3 proposals
• Earlier than 15 days

  Received a proposal from For Sale: Leading automation firm delivering custom equipment solutions for global MNCs across diverse industries.
• Earlier than 15 days

  Received a proposal from High-quality residential construction business for sale with over 10 years of experience for full sale.
• Earlier than 15 days

  Received a proposal from For Sale: Singapore’s leading cat mesh distributors with exclusive rights and high margin.