Dock & Waterfront Specialty Construction Business
| Asking Price: | $595,000 | Inventory: | $20,000 ++ |
| Gross Revenue: | $1,100,000 | Real Estate: | n/a |
| Cash Flow: | $188,000 | FF&E: | $350,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
This business is a specialty waterfront & dock contractor servicing Washington State's Puget Sound customers. With the ability to launch their operations onto the region s smaller lakes they service a niche very few can compete against. Revenues are primarily driven by referrals from past customers. The business name, website & telephone number are significant company assets. Work is performed year round and timing is often dependant on multiple permits from Department of Natural Resources, County, Local, & State Agencies. This permitting process and the equipment necessary serve as barriers to entry from competition. The company boasts a long list of completed high end projects around Puget Sound. The owner is flexible regarding the terms of post transaction training/consulting. Business is booming and the company has a six month back log of business on the books for the remainder of the year. Customer base is established and operation is turn key.
About the Business
Year Established:1994
Employees:5 full time - 2 part time
Relocatable:Yes
Facilities:The company runs a Dock Store at their company Headquarters that sells dock supplies and promotes the company s bidding, permitting, and construction process.
Market Outlook and Competition:Operating a dock building company in a heavily permitted marine environment requires special equipment and knowledge. The equipment is very specialized & costly, natural barriers to the entry of competitiors. Harsh marine environment make docks & pilings constant maintenance and repair items. Business is very good with over a six month backlog of projects awaiting the new owner!
About the Sale
Management Training and Support:Seller is willing to properly transition/ train the new owner.
Reason For Selling:Retirement motivated
Seller Financing:Owner is willing to consider financing up to 50% for a qualified buyer.
KEYWORDS: Waterfront, water, lake, puget sound, Washington, Lake Washington, dock, construction, float, floating, piledriving, pile, customer service, DNR, department of natural resources, Pierce, Thurston,
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