Singapore  Singapore

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Listing ID: 38305 Last Refreshed: 19/08/2025 1940 Views

Established Me- And Cr-Graded Electrical Engineering Firm With 35+ Years Of Experience

Asking Price S$2,100,000(Neg.)

Overview

Financial Performance

Monthly Figures
Revenue
Not Provided
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
Not Provided

Operations & Ownership

Staff
15 Employee
Year of Incorporation
1988
Owner Role
Full Time

Property Information

Premise Status
Rent
Premise Type
Factory
Premise Size
1100 sqft / 102 sqm

Operations & Growth

Reason For Sale

Retirement

Description

We provide a wide range of M&E services accredited by BCA in 5 categories:
1. ME05 (L3) – Electrical Engineering
2. ME01 (L1) – Air-Conditioning, Refrigeration & Ventilation
3. ME06 (L1) – Fire Prevention & Protection Systems
4. CR06 (L1) – Interior Decoration & Finishing Works
5. CR07 (L1) – Cable / Pipe Laying & Road Reinstatement

Along with successfully delivering 2,000+ projects across multiple sectors and,

Long-standing client relationships with high-profile institutions, including:
1. Healthcare: NUH, TTSH, KTPH, THKH, IMH, Alexandra Hospital
2. Public Sector & Statutory Boards: PUB, DNATA, Singapore Pools, Singapore Turf Club, ST Engineering (STE), A*STAR - with 5+ years of ongoing collaboration with A*STAR, delivering consistent, high-volume work
3. Education: National University of Singapore (NUS), Canadian International School (CIS), and multiple MOE schools
4. Others: Assisted in residential and mixed-use projects including Fernvale Village, numerous landed properties, condominiums, and commercial spaces

Facilities

The company operates from a leased office unit at 3 Soon Lee Street, #03-04, in a light industrial building. The facility includes administrative offices, operational workstations, document storage, and space for light equipment and materials.
Physical assets include:
1. Office furniture and IT equipment
2. Electrical testing tools and instruments - Cables, Equipment, etc
3. Company vehicle(s) used for site visits and logistics - 1 Van and 1 Lorry
4. Office and project management systems

These assets support seamless operations and can be transferred to the new owner as part of the sale.

Competition

Singapore is competitive with multiple licensed contractors serving both public and private sectors, this makes tendering for projects more diffcult. However, Holland Electrical Engineering Services Pte Ltd differentiates itself with:
- Over 35 years of proven experience
- Strong BCA accreditations across 5 categories, including ME05 (L3)
- Long-standing relationships with government agencies, hospitals, and statutory boards
- A stellar record of over 2,000 completed projects
- Ongoing project flow from repeat clients like A*STAR, ST Engineering, and other government hospitals

These advantages have created a barrier to entry for newer players, and the company remains well-positioned despite broader industry competition.

Expansion Potential

1. High tender eligibility:
Currently we have a BCA ME05 (L3) grading, the company is currently qualified to tender for public sector electrical engineering projects up to S$5 million in value. This opens the door to a wide range of infrastructure, hospital, and government facility contracts.

2. Grade upgrades for larger tenders:
By investing in resources and fulfilling BCA requirements, the buyer could upgrade other classifications (e.g., ME01 or ME06) to higher levels (L2 and above), allowing the company to qualify for even larger-scale tenders, including multi-disciplinary M&E contracts.

3. Market Expansion opportunities:
With the rise in popularity for EV and Singapore's 2030 green initiatives, the company could diversify into renewable energy, such as solar PV systems, EV charger installations, or smart building solutions, leveraging the existing client base and compliance track record. Currently, we have done a handful of solar panel installation for multiple project and see an increase in demand for them in the near future.

Buyer Support & Terms

Support and Training

The owner will continue to work for the company for a fixed period of time with a monthly salary to assist the transition of the company to the new owner.

Seller Financing

Yes, seller financing is available.
a 50% deposit and the interest rates will be discussed when the final price and installment payment period is agreed upon.
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