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Relocatable Fishing Boats Manufacturer

TN

Relocatable Fishing Boats Manufacturer

Asking Price: $245,000

Gross Income: $40,000

Cash Flow: $17,000

EBITDA: N/A

FF&E: $180,000

Inventory: $80,000

Real Estate: N/A

Established: 1980

Employees: 0

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Business Description

This Acquisition Could Lead To A Very Large Business

Relocatable Fishing Boats Manufacturer – PRICE REDUCED FOR A QUICK SALE! This Middle Tennessee manufacturing business can be relocated almost anywhere on our planet where people are found. This manufacturer makes three 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 all three 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. The sale of this business includes two valuable boats that can be used for demonstration purposes, or they can be sold to customers.

Furniture, Fixtures, & Equipment: $ 180,000
Vehicles and / or rolling stock: $ -0-
Inventory: $ 80,000
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: $ 245,000
Down Payment: $ 49,000
Annual Sales Volume: $ 40,000
Cash Flow: $ 17,000

Detailed Information

Inventory:
Included in asking price
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facilities are not included in the sale.
Competition:
There are no competitors near where the business is currently located.
Growth & Expansion:
Expansion via increased sales is needed to make the business profitable. Adequate equipment exists to support this expansion.
Financing:
Up to 10% ($24,500) if required by 3rd Party Lender
Support & Training:
Three months, but only if the Buyer is willing to build a boat (making the training more meaningful).
Reason for Selling:
Seller seeks to retire due to his age.

Listing Status for Premium Members

Ad#: 642273

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Gerald Esmer

Business Listed By:
Gerald Esmer

Peerless Pinnacle Company

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