Thriving Canvas and Sail-making shop

Oriental, NC (Pamlico County)

Shop has high visibility
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Asking Price: Get Financing: $120,000

Cash Flow: N/A

Gross Revenue: $380,000

EBITDA: $255,000

FF&E: $40,000

Inventory: $15,000

Real Estate: $160,000*

Established: 1991

*not included in asking price.

Thriving Canvas and Sail-making shop

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Business Description

Excellent reputation in ideal boating location

Successful canvas and sail-making business for sale in Oriental, NC. Located on the Neuse River along the ICW half way between New York and Miami. This is a beautiful area of farmland, woodlands and water with a small but vibrant community at the confluence of 5 creeks that flow into the Neuse. The climate is mild year round, mitigated by the Gulf Stream just offshore. We started the business here in Oriental over 26 years ago and have an excellent reputation for high quality and personal service. We bend our own frames, build custom dodgers, bimini tops and enclosures as well as covers and interiors.We also have an excellent dealer relationship with Doyle Sailmakers and a full service sail making and repair department. We have over 45 years in the sail and canvas industry and would love to share our knowledge with a new generation of crafters that enjoy seeing a beautiful product made with their own hands and skills. A year round boating community as well as transient cruisers form a sizable customer base. Multiple well regarded boatyards contribute to the draw of this area. Our 2,400 sq. ft. shop was designed and built for this business, with a raised cutting floor and 5 machines in pits. We are fully climate controlled. Business purchase includes equipment and inventory. Building on .6 acre with municipal water/sewer and plenty of parking is separately negotiable for either long term lease or purchase

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
2,400
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business includes inventory and tooling for both canvas and sail making, frame bender and camber inducer, 5 sewing machines of varying capacity and office furnishings for two managers.
Competition:
Business is in a prime location at the entrance to Oriental, "The Sailing Capital of North Carolina". High visibility store front is just off the main road into town, with plenty of parking. We are the only full service "Everything sewn for boats" business in the area, and our reputation is excellent in the "word of mouth" grapevine of the cruising network.
Growth & Expansion:
An energetic buyer has opportunity for expansion, either by extending our service area (there are thousands of boats within an hour's drive of our shop!) or by extending our offered product line to include household awnings, porch screen enclosures or other domestic products. We are within a few miles of several "high end" developments, including "River Dunes", with its own 27 acre marina basin.
Financing:
Real estate separately negotiable. Lot has room for expansion.
Support & Training:
Sellers will stay on for transition period as necessary to familiarize buyer with the area, clientele and specific procedures and techniques involved in production of custom canvas products and sails
Reason for Selling:
Owners are ready to retire
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Business Listed By:
Inner Banks Sails and Canvas

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