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Well Established Water Treatment, Filtration And Plumbing Co. For Sale

Kuwait City and Doha, Kuwait
Asking Price:
$6,000,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$7,000,000 (USD)
Cash Flow:
$50,000 (USD)

47 years old, well established and renowned brand in water, plumbing, water treatment & filtration company having head office in Kuwait and a subsidiary in Qatar is looking for strategic buyers.

Annual revenue in 2018 was USD7 million, with positive EBITDA of $50k.

The company has more than $5 million worth of signed projects in hand with commercial and industrial sectors and has deep penetration in residential market of Kuwait and Qatar in water & plumbing sectors.

Property information

Real Estate:

Lease

Lease Terms:

Long-term leases on renewable

Leasehold Rent:

$650,000 (USD) per annum

Living Accommodation:

Yes, In Qatar , company has living accommodation adjacent to warehouse

Location:

Kuwait and Qatar

Premises Details:

The company has 3 showrooms in Kuwait , one large warehouse and head office in Kuwait city. All premises are on lease

Business Operation

Expansion Potential:

Company has more than $4.5 million worth of signed projects with commercial and industrial clients and business can be grown if buyer implements business development & marketing strategies and target large projects in oil & gas and infrastructure sectors in Kuwait and Qatar.

Competition / Market:

Company has 13% market share in water treatment, & plumbing market in Kuwait and Qatar and have done good projects of hospitals, schools, universities, malls, and various commercial & residential buildings . It is a well know and old brand in plumbing industry in Kuwait and Qatar

Reasons for selling:

Strategic objectives behind owners' investment have been achieved,

Trading hours:

8 hours

Employees:
85
Years established:
1973

Other Information

Support & training:

Seller will provide full training, support to buyer for transitional period up to 3 months

Furniture / Fixtures value:
$1,105,000 (USD) - included in the asking price
Inventory / Stock value:
$1,897,000 (USD) - included in the asking price

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