Seller Financing Available
Business Description
Relocatable Fishing Boats Manufacturer This Middle Tennessee manufacturing business can be relocated almost anywhere on our planet where people are found. This manufacturer makes two distinct styles of boats, both of which were recently redesigned. These design improvements have built upon a previous excellent boat design to produce outstanding and highly desirable boats. This business also owns a very desirable patented feature which is incorporated into both boat designs. A distinctive trademark is also included. While production levels have recently been low due to the local market conditions for fishing boats, the rate of boat production can be greatly increased without new development and without great expenditures. The Seller is retiring and seeks a Buyer who can take the business to a higher level. An additional $90,000 of Inventory can be sold with the business and added to the price if desired by the Buyer.
Furniture, Fixtures, & Equipment: $ 175,000
Vehicles and / or rolling stock: $ -0-
Inventory: $ -0-
Accounts Receivable (if included): $ -0-
Land and Building (if included): $ -0-
Other Assets: $ 50,000
Current Liabilities to be assumed: $ -0-
Current Notes to be assumed $ -0-
Asking Price: $ 300,000
Down Payment: $ 60,000
Annual Sales Volume: $ 40,000
Cash Flow: $ 17,000
Detailed Information
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Facilities:
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The facilities are not included in the sale.
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Competition:
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There are no competitors near where the business is currently located.
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Growth/Expansion:
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Expansion via increased sales is needed to make the business profitable. Adequate equipment exists to support this expansion.
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Financing:
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Up to 10% ($30,000) if required by 3rd Party Lender
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Support/Training:
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Three months, but only if the Buyer is willing to build a boat (making the training more meaningful).
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Reason Selling:
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Seller seeks to retire due to his age.
Ad#: 642273
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