Summary of the business
Established in 2011, the Company specializes in the wholesale distribution of fuels, lubricants and specialty chemical products. It provides comprehensive services, including fuel distribution, fuel management systems, fuel storage and tank supply service.
Company’s Strengths and Uniqueness:
- Authorized Distributor of Premium Brands – Official distributor of globally recognized brands ensuring high-quality fuel and lubricants.
- Strong Logistical Capabilities – With an efficient supply chain and distribution network, the company ensures timely delivery and consistent fuel quality across all sectors.
- Proven Expertise & Reliability – With years of experience, the company is known for compliance, dependable service, and customer excellence in the fuel and lubricant industry.
Financial highlights
| Gross Profit | FY2023 | FY2022 | FY2021 |
| Revenue | 43,188 | 48,310 | 25,335 |
| Profit before tax | 1,315 | 666 | -175 |
| EBITA | 2,578 | 1,835 | 131 |
| Sellers Discretionary Earnings (“SDE”) | 2,873 | 2,012 | 287 |
SDE refers to adjusted EBITA after adding back directors and shareholders compensation and other adjustments
Asking Price
- S$15 million if purchase without JTC property
- S$26 million if purchase with JTC property
Included in Sales:
A JTC property with 12 years remaining, outstanding loan of $$3.1 million, estimated valuation of S$9 million as at FY2023.