(In LOI) Simple Marine Manufacturer

NY (Relocatable)

(In LOI) Simple Marine Manufacturer
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Asking Price: $250,000

Cash Flow: N/A

Gross Revenue: $630,000

EBITDA: $210,000

FF&E: N/A

Inventory: N/A

Established: 1979

(In LOI) Simple Marine Manufacturer

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Business Description

This business is currently in an exclusivity period with signed LOI. 

Manufacturer of Specialty Mylar Shades, Curtains and Track Systems for the Marine Industry with customers that include US Navy, US Coast Guard, Joiners, Cruise Ships, Oil Rigs. They also sell soft goods such as bunk curtains and ship mattresses drop shipped through a third party. Easy business to run. Seller wants to permanently retire or close down the business by First Quarter of 2020. Opportunity to purchase a solid, established business WAY BELOW market value. IT WOULD BE A SHAME TO CLOSE DOWN THIS PROFITABLE BUSINESS!

- Strong, well-established relationship with long-term B2B Marine Industry customers
- Solid, well run business mostly with orders mainly through emails
- 30% is headache-free drop ship, easy to run
- Very little competition with high barriers to entry
- No marketing, longtime repeat customers
- Valuable domain name included

2018 REVENUE: $630k
2018 EBITDA: $210k

ASK PRICE: $250k (includes business + well-maintained company van + inventory valued at ~$25k)

Detailed Information

Employees:
2
Support & Training:
Will Provide
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Carol Shin

Business Listed By:
Carol Shin

Inbar Group Inc - Business Brokers

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Sponsoring Broker:
Jay M. Inbar,Certified Mergers &Acquisition Pro

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