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Boat Building, Marine and Industrial Fiberglass Fabrication and Repair

Sylacauga, AL (Talladega County)

Boat Building, Marine and Industrial Fiberglass Fabrication and Repair

Asking Price: $60,000

Gross Income: $180,000

Cash Flow: N/A

EBITDA: N/A

FF&E: $50,000

Inventory: $30,000

Real Estate: N/A

Established: 2002

Employees: 3

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Business Description

Great potential with the right owner at a low investment

Company in business under current ownership since 2002, and has been in existence since the 80's with repeat customers and brand recognition. Currently is a three employee operation with the owner managing day to day operations and in the past has employed as many as 20-30 people. Needs the right owner with sales ability to expand and reach its potential. Currently engaged mainly in fiberglass boat repair and some industrial services. Adjoining marine dealer is a good source of repair business. Building boats on an as-ordered basis. The core product has been pontoon boats, mainly commercial rental models, but also have tooling for center console models and smaller fishing boats. This is a great opportunity to get started in boat building and fiberglass repair for a fraction of the cost of a startup. There are several lines of work to pursue here that can be potentially very profitable.

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Two leased buildings on several acres, one used mainly for boat building and fiberglass work, the other for welding work and storage. Lease $1,500/mo. Sale assets include large forklift for boats and molds, lifting frame with chain hoists, air compressors
Competition:
The pontoon boats are unique in being designed for rental use and saltwater. There is a large market with high turnover in the coastal boat rental industry and face to face sales with these operators is most effective. Locally, the business is located near several recreational lakes and next door to a marine dealer, so repair business is plentiful.
Growth & Expansion:
Any one or all the lines of work currently engaged in could be expanded and become quite profitable with the right salesperson and marketing. (Boat building, fiberglass boat repair, industrial fiberglass repair and fabrication)
Support & Training:
Experienced employees hold much of the knowledge of repair and boat building. Owner would be willing to train on-site for an agreed upon period of time and thereafter by phone consultation
Reason for Selling:
Career change

Listing Status for Premium Members

Ad#: 765424

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Business Listed By:
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