Asset Sale – Branded, "Downeast" Boat Line

New England

Asset Sale – Branded,
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Asking Price: $800,000

Established: 2010

Asset Sale – Branded, "Downeast" Boat Line

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Asset Sale Description

Over $1.1MM+ Asset Value

Over $1.1MM+ Asset Value - ASKING $800,000.

Location: Maine - 1 Hr. from Portland

Unique “Downeast” fiberglass boat line, designed and built between 2010 and 2017, Five hull sizes; 15’ to 24’/26’. Three different C.C. configurations, nine models. Designed for safety, strength, efficiency and performance. Classic lines, modern designed running surface - outperforms competitors speeds and stability with equal or less H.P. All models are trailer-able. Marketed from New England to the Mid-Atlantic region: monthly advertising, large regional shows, dealers and direct sales since 2010.

Opportunities for Buyers:
Existing manufacturers with floor plan and dealers are conservatively expected to get a return on the investment within three years, before any assumptions of cost reductions or marginal contribution. The line is already known, allows Buyer to compete in new markets.

For smaller builders this provides opportunities to increase product offering and sales, fill capacity and add marginal contribution.

For a person seeking self-employment, production can be subcontracted. Work on sales and marketing -plenty of margin available for profit and growth.

Call David at Atlantic Marine Group, LLC. for more information. NDA will be required for details.

Detailed Information

Facilities:
Asset for Sale: All Mold Kits and Patterns, Inventory (FG, WIP & Parts), I.P. (Brand, Design Rights, Build “Know-How”, Logos, Website, youtube® Videos, Sales Materials, Leads and Dealer Information) and Goodwill. Liability: small royalty (avg. $150.) per hull to naval architect. Excluded from Sale: Bld., tools & equip., any and all warranties and liabilities, except small royalty noted above.
Financing:
Some owner financing available.
Support & Training:
Some training available - TBD based on Buyer needs.
Reason for Selling:
Owners retiring, seeking a buyer who can take the line to the next level.
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Asset Sale Listed By:
David at Atlantic Marine Group, LLC.

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