Mining Support Company Equity Stake For Sale in Takoradi, Ghana
Home
| Established | 2023 (3 years) |
|---|---|
| Employees | 5 - 10 |
| Run Rate Sales | NA |
| EBITDA Margin | Nil |
| Locations | Takoradi |
| Listed By | Business Owner / Director |
| Status | Active |
BUSINESS METRICS
Partial Stake Sale
Asking Price: NA
Reason: Raise capital to purchase three compliant drilling rigs, eliminate leasing costs, increase profitability and meet procurement mandates for long-term mining contracts.About 3 Tier 1 mines, have given verbal assurances, if we can get a fleet of 3 drills we can get direct jobs from these mines (we will no longer have to be subcontractors) that will increase our EBITDA from 6% to 60%. This projected increase in our margin is also the basis for our valuation.
Name, Phone, Email — Available after connect
Contact Business
You need to be logged in before you can connect with a business.
Login to Continue RegisterBusiness Overview
Mining support service company established in 2022, specializing in exploration drilling and geotechnical services.
The company has 8 employees and has completed three recent geotechnical projects, with previous annual sales of about GHS 752,000. Last year's sales were low because we were only doing technical consultation and this year with a leased drill we are able to get bigger geotechnical drilling projects.
For projects we hire manual labor apart from our full-time workforce through established agents.
Current EBITDA margin is 5.9%, constrained by high costs of leasing drilling rigs.
The owner seeks an equity investment of $700,000 for a 20% stake to acquire three compliant drilling rigs, eliminate leasing costs and increase operating margins to over 60%, while meeting procurement mandates from major mining companies for long-term contracts.
We have the Approval from the Mineral Commission, Environmental Protection Certificate.