Prince Georges County, MD Marine/Boat Services and Dealers For Sale

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RARE! Supplier of Goods to Global Shipping Companies- Net SDE $293K!11 year strong growing niche business!
$799,999Cash Flow: $293,388
RARE! Supplier of Goods to Global Shipping Companies- Net SDE $293K!11 year strong growing niche business!

Beltsville, MD

The ship chandling or “ship supply” industry dates back to hundreds of years. It was vital then and it is still vital now. Here is the big picture of this business: - This Company was established in 2008 and has been successfully operating & has organically grown for over 11 years! This Company is a a Maryland C corporation. - This is a ship supply company that provides everyday necessities like food, beverages, medicine, electronics, navigational charts, and nutritional products to international shipping companies, vessel crew members, and ship catering companies (or buying groups). - The Company serves all 27 ports between New York and Wilmington, NC, with the home port being Baltimore, MD. - The Company has a solid list of clients which are major international shipping companies, vessel crew members, and marine catering companies (or buying groups). Majority of the Company’s customers are concentrated in Europe and Asia. - The Company’s sales have grown approximately 20% over the past 2 years. - The Company enjoys several contracts with major global marine catering companies and ship management companies. Some of these contracts are exclusive in nature and place the Company among a very select group of ship suppliers who can service the fleet under management. - Revenue growth has been achieved by attracting new customers and increasing retention among existing customers. The Company has developed a reputation of delivering high quality products. - The Company’s robust supply chain is one of the company’s most important assets. - The Company has a strong, diversified vendor portfolio that enables the company to source high-quality products from across the country at very competitive prices. - The company’s work is in a very specialized and focused industry, therefore has a very limited number of competitors. - This operation is run like a very well oiled machine. New Buyer will be pleased to take over this business. - The US ship supply size alone is $1B and $300M of that belongs to the East Coast of the US alone. There is no sign of this industry slowing down, it is only growing!

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