Long Standing Oil Distribution Business For Sale
Age of Business: >20 years
Annual Revenue: $35 mil
EBIT: $2.2 mil
Indicative Price: $9.8 mil (Exclude working capital)
Location of Business: Singapore
Seller Financing: Yes
Reason for selling: Owner’s retirement
Fey Day presents an oil distribution business that has been around for more than 20 years in Singapore. Their team consist of 16 staffs including owners and drivers. They enjoy a strong reputation in the industry, with a wide base of 300 B2B customers. (Namely in the pump station, construction, logistics and fleet operators)
What makes this a good opportunity?
1. This is a niche market with only 6 significant players.
2. Customer loyalty (Customers has been with them for 10 years on average)
3. It is an asset light and strong cashflow business
4. Has the potential to grow regionally. (Malaysia, Indonesia and Vietnam)
5. Diverse customer base with no customer concentration risk
Owners are willing to stay and support the handover transition for up to 2 years.
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