Marine and Simulation Training Centre for Sale East Malaysia
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  • Marine and Simulation Training Centre for Sale East Malaysia
For Sale and Rent

Marine and Simulation Training Centre for Sale East Malaysia

Listing Number:

  • 060-10-11-001

Asking Price:

  • MYR 5,700,000

Education and Learning Other - Education and Learning
Sarawak Miri

Business Details

Company:

  • Yes

Current Staff:

  • 10 Full-Time Salaried

Licenses:

The following licenses are included:
  • Other

Average Monthly Electricity:

  • MYR 3,500

Average Monthly Water:

  • MYR 500

Property Details

Tenure:

  • Business Sale and Rent (Leasehold Premises). 2 years with option to renew (Rolling Lease).

Rent:

  • MYR 20,600 per month.

Security Deposit:

  • MYR 40,000.

Connected Utilities:

  • Power
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

TV:

  • 1 Screen/s.

Internet:

  • Connected at the cost of MYR 300 per month. Wifi Enabled.

Security:

  • MYR 0 per month

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

This long established and certified business operates from leased premises in Sarawak (the main headquarters and a training centre) and Kota Kinabalu (training centre). Sarawak is able to accommodate around 135 students at any one time and has 7 classrooms and 4 marine simulator rooms. The branch office in Kota Kinabalu accommodates around 35 students at any one time (2 classrooms and 2 marine simulator rooms). This location also has a smoke-house simulator located at a fire training ground and a survival training platform on a pontoon/barge in the protected area of the Tunku Abdul Rahman Marine Park off the city of Kota Kinabalu (next to Gaya Island). Sarawak space is a whole floor of a building and is 975m2 and Kota Kinabalu is 2 shop lots with a total area of 325m2. Both facilities located in city areas and are within 15 minutes' drive of airports.

Licensing and Accreditations are in place. It has approved license for internationally recognized training by the Malaysian Marine Department and license for training claims by employers via the Human Resource Development Fund (HRDF) and city council license to operate as a business. The business is ISO 9001 Quality Management System (QMS) accredited. The company is also a member of the Malaysia Maritime Education and Training Association MyMET), of which the owner holds a senior position and acts as the focal point in dealing with training matters affecting the industry, with the authority (ie, The Malaysian Marine Department).

The business is currently the only centre in East Malaysia approved to conduct simulator based mandatory training for seafarers, and only one of two centres in the whole of Malaysia approved. They provide highly specialized training, especially the simulation related courses and are currently have the only active offshore vessel simulator in Malaysia. In all, they have around 30 approved and customized training courses in portfolios covering marine, ports and offshore modules. The company also has packaged training for crew intending to join international cruise ships. Their list of clients is impressive and includes staff from companies like Brunei Darussalam. Suffice to say, the training centre is well known among the marine, oil and gas stakeholders in Malaysia. In 2018, the company was presented with the "Outstanding Performance Award for Maritime Training Institution for 2018" at the Malaysia World Maritime Week 2018 Conference and Exhibition in Kuala Lumpur. A full client list will be transferred to a new owner, and transition training will be provided by the current owner for a period of 3 months, if required.

This is a 'Lock, stock and barrel sale', inclusive of equipment, licences, training materials, documentation and online certificate printing on behalf of the Government (SDPx). Profitable, turn-key and awaiting a new owner.