General Engineering Company
Listing: #OR00096
About this Business for sale in
General Engineering CompanyJoint Venture
Loading, Hauling and Pit Maintenance Contract for Mining
The company prides itself in providing expertise on projects from start to finish. From quarrying to trucking, to construction and dismantlement.
Its core competencies include Earthworks, Lifting, Sand and Gravel Quarrying, Construction Supply, Plant and Structure Dismantling and Removal, Scaffolding, Underwater Services, Tug and Barge Service, Chandling and Arrastre, Container Offices, Heavy Equipment Rentals and Leasing.
A joint venture (JV) with the company will allow you to service more than 4,000 hectares of a mine site in Mindanao.
Conservative estimates by the company for the mining season of 2018 yields gross revenue of Php309.470 million for its Loading, Hauling and Pit Maintenance contract.
The business has a strong potential for growth in servicing this project, however it needs capital infusion to optimize the operation, and the capital infusion is too big for the company to do it alone. While the owner has subcontracted parts of the project area, he feels a joint venture would be more profitable.
For this joint venture, the owner only needs an additional 100 units of dump trucks. He has a complete motor pool at the project site and competent staff on hand to meet the workforce demand.
The company is flexible and negotiable with the type of partnership an investor wants, it must be noted that the current owners run most of the day to day operations of the business.
Contact: Vedasto Guinto Jr., Business Broker | vedasto.guinto@linkbusiness.ph | +63 917 801 0672 (Globe) | +63 919 657 3460 (Smart)
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.