Factories in Victoria Island (VI), Lagos

A uk national who is the ceo and his nigerian chairman who is in his eighties are looking to retire and sell their company. it is a private limited company in nigeria. around 75% of its contracts are priced and paid for in us dollars and its annual turnover is in the region of n9b. it has corporate offices in abuja, port harcourt with headquarters in vi and a 10-acre factory in lagos where it manufactures premium paints to international quality standards. it has a high functioning management structure and about 200 employees. the ceo, the chairman and the other major shareholder would like to disinvest and leave the business. they are looking to sell the company for over 35 million usd is under 3.5 x last financial years revenue. the company commenced business in nigeria in port harcourt in 2001 to service the needs of oil & gas companies paint and coating requirements. in 2008, it acquired the sole rights to manufacture a premium marine paint used extensively in industry. in 2015 it secured exclusive rights to manufacture and sell a high-end premium paint brand range of decorative and architectural products in nigeria. it retains its exclusive right to produce and sell premium paints in nigeria. 75% -- 80% of the companies' business is in the industrial sector used in among others, the following areas. oil & gas upstream and downstream - refineries - oil & gas storage tank farms - pipelines & rigs - power projects - jetties - maritime - all sectors - fuel stations - sports stadia - industrial buildings it has undertaken contracts for all the major multinational oil firms and other major industrial players and has developed a reputation with them for delivering to quality, time and competitive cost. one of its current contracts is the refurbishment of the ph refinery and other large contracts are on the books or in the pipeline which can be made available when serious intention has been shown... revenue around $20m, net profit $4m, equity $4m. not indebted to banks or anyone. nda needed b4 more detailed info can be given patbe...