Panama Canal Construction & Engineering Business For Sale

Business description

A multifaceted well known family owned civil engineering,marine offshore construction,marine engineering business established over 30 years at Panama Canal, company for sale owing to Owners retirement.Work recently completed
includes million dlr steel covered pontoon floating piers for ACP ,$800k steel fabrication contrract in new 50 mgw MAN
Diesel power plant ;,fabrication/assembly steel bridges for Northern Corridor Transithmian Highway.Fabricated offshore
radar tower,jetties,tie up stations,elec.substations,buildings,power plants,barges,

Excellent quality & reliability track record with Blue Chip clients.Operating from own 10,000 m2 site with covered machine,welding/steel fabrication,sandblasting,carpentry workshops,Three story building with total 900 m2 office/accomodation/.accessories storage space.Mobile workshops on site offices and equipment storage containers.

Located on busy main highway 20 minutes from Panama City & 45 minutes from Colon.

Facilities include realestate,machinery,floating equipment,trucks,boats,fixtures & fittings,workshops and office buildings, constructed in 2000. Additonally 30 hectares realestate suitable for retirement homes,eco lodges 10 minutes from popular Pacific beach resorts one hour from Panama City.

Limited competition as is specialized business and we are in a prime location for servicing/performing contracts.

Tremendous growth potential for lucrative contracts with forthcoming muliti billion dollar Panama Canal widening and construction of Third Locks Expansion together with growing economy in booming realestate and tourist market.Due to Panama's strategic geographical location and politically stable economy,there are presently over $40 Billion realestate,megaports,marinas,hotels,condominiums,refineries,pipelines,infrastructure projects programmed for next 10-15 years,Some of these projects we are already involved in early development stages.Business could be worth $25-50 million
in a few years.

Company has been prominently featured in a number of trade journals and is an active member of Panama Chamber of Commerce & Industry,Panama Chamber of Shipping,American Chamber of Commerce Panama - PanAmcham - Panama British Business Association - PBBA (Board Member).

With the right investors business has to be taken to next stage of development as owner wants to persue other interests with his family before getting too old do so..part financing could be available and owner could remain in part time capacity for an agreed period.

Property information

Real Estate:

Real Property Included

Location:

Operating on Freehold one hectare (10,000 m2) site including fully equipped covered machine,welding,sandblasting & carpentry workshops.Three story building with total 900 m2 office space.
3 Mobile workshops on site offices and equipment storage containers.

Other information

Expansion potential:

Tremendous expansion potential with forthcoming multi billion dollar Panama Canal widening and construction of new locks and fast growing economy in booming construction and hot property market.Due to Panama's strategic geographical location and politically favourable economy,there are presently over US$40 Billion realestate,mega ports,refineries,pipelines,infrastructure projects programmed for the next 10-15 years.We are already involved in early stages of some mega projects.
Could be a $25-50 million company within a few years.
Additional 30 hectares of land located on Pacific Coast one hour from Panama City ideal for eco tourism or retirement homes included in sale.
Work in progress includes million dollar contract with Panama Canal
Authority constructing floating docks for Gamboa Dredging Division which are 100% completed also $800k steel fabrication contract in new 50 mgw power plant plus other ongoing projects.

Support & training:

Owner is willing to offer full support for training and is prepared to remain in a part time capacity for an agreed period. after handover.

Reasons for selling:

Owner wishes to retire and no family members to take over and run company.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

To be negotiated.

Inventory / Stock value:

$1,000,000 (included in the asking price)

Website:

www.anchorpanama.com