Panama Canal Construction & Engineering Business For Sale

Business description

A civil engineering,marine offshore consruction,marine engineering business established over 30 years at Panama Canal. Well known family owned diversified company for sale owing to Owners retirement.

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.
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 could be included in sale.
Work in progress includes million dollar contract with Panama Canal
Authority constructing floating docks for Gamboa Dredging Division which are 80 percent completed also $500k 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 up to 2-3 years after handover.

Reasons for selling:

Owner wishes to retire

Contact the seller