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Marine Manufacturer/Outfitter - Eastern Massachusetts - Profitable

Bristol County, MA

Seller Financing Available
Marine Manufacturer Outfitter
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Asking Price: $1,950,000

Cash Flow: $700,000

Gross Revenue: $2,600,000

EBITDA: N/A

FF&E: $655,000

Inventory: $100,000

Rent: $6,600 /Month

Established: N/A

Marine Manufacturer/Outfitter - Eastern Massachusetts - Profitable

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Business Description

This rapidly growing company designs, manufactures and installs hardware and other custom products for the marine industry. Its customers include boat manufacturers, dealers, brokers, and retail accounts. Excellent staff in place who are expected to remain with the company after the sale. Serves the high-end motor boat, yacht, sport fishing and sailing markets where there is little price sensitivity and a demand for high quality. 2018 revenues of $2,600,000. This business is expected to qualify for SBA bank financing. Asking price $2,200,000.

We have so much more information about this business that we want to share with you including a full business summary and revenue expense breakdown. But this is a very confidential listing so we are limited in how much we can tell you in this ad. In order to share the details with you we will need you to fill out the "Contact the Seller" area on this page and provide the requested information. You will be asked to sign a non-disclosure agreement. After we receive you signed NDA we will be able to share the summary with you.

Special note: We are currently preparing the marketing materials for this business and expect to have them done soon. Please inquire now and we will contact you when everything is ready.

Detailed Information

Location:
Bristol County, MA
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
18,000
Lease Expiration:
N/A
Employees:
12
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
18,000 Square foot facility. Spacious production environment. Efficient layout of various work stations to produce company’s products and service work. Ample parking lot. Rent $6600/m.
Competition:
Very little competition as there are few players in this specific marine market in the New England region.
Growth & Expansion:
New owner will have MANY opportunities to expand revenues. Adding an additional sales person to target more boat dealers, marinas and boat/service yards is sure to bring in much more business. Due to their tremendous growth they haven’t had the resources to target the many opportunities in their market area. There are also many tangential areas of growth that are possible for the business that can be explained after signing of our NDA.
Financing:
Bank (SBA) financing available. Some seller financing possible.
Support & Training:
Seller will transition with the new owner for as long as is needed by the buyer. Will consider staying on long-term.
Reason for Selling:
Seller has been in the industry for many years and nearing retirement age.
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(from currently available funds)
 
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Peter Goodman, CBI

Business Listed By:
Peter Goodman

Goodman And Company Business Brokers

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Memberships & Certifications:
Indicates membership in The New England Business Brokers Association (NEBBA).

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