Niche Marine Product Manufacturer

Business
  • Listing# : 18328
  • Listed Price : $480,000
  • Total Sales : $1,019,286
  • SIC : 5551
  • Down Payment : $480,000
  • Status : Active
  • Discretionary Earnings : $187,406

Business Type :

Manufacturing / Mfg-Marine Products; Internet Related / Online Retail Store; Distribution / Dist-Marine Accessory

Business Description :

This niche marine product manufacturer, importer and distributor has been in business for over 35 years by 1 owner and he's ready to retire. This business is the leading manufacturer of marine products serving a specific breed of boaters. Competition is minimal due to targeted customer base, skill and experience of this company. Others have tried to copy, but customers love the original best. Very steady revenue. Even though sales have returned to pre-Covid levels, (significant growth due to Covid as boaters invested in boats to escape lockdowns) owner has created great opportunity for growth by expanding their expertise into a whole new architectural market. Perfect size for new owner to continue to run and grow business or ideal acquisition for current marine products manufacturer/distributor. Well trained and experience workforce in place to make for an easy transition. Lease transition no issue as facility is owner occupied.

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $32,000
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $50,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $10,000
    • Incl : Yes
    • Total Assets $92,000
    • Incl : Yes

Lender Prequalified: No

Similar Listing :

Manufacturing, Internet Related, Distribution