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Multi-Function Marine Product Fabricator and Wholesaler
| Asking Price: | $3,400,000 | Inventory: | $100,000 ++ |
| Gross Revenue: | $1,000,000 | Real Estate: | $950,000 ++ |
| Cash Flow: | $263,250 | FF&E: | $685,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
Multi-function marine product fabricator and wholesaler of light weight concrete panels used for docks, decks and patios. The process is PLC controlled and uses lightweight aggregate that results in very strong tile with 40% less weight than limestone aggregate. Each tile is inserted with a special(patented) rebar which is made by the company from flat stock steel. From an operational position, inside curing capacity is 2500 pieces and outside storage is 12,000; produced 80,000 tiles in 2007; daily precast production capacity is 600 pieces. All material ordering is done on a Kanban basis using a computer model. In addition to aggregate tiles, a fiberglass facility produces dock boxes, live well fish tanks, diving boards and water slides. The facility also includes large prototyping set up including an iron worker, aluminum and steel welders, band saws and measurement equipment. In addition to one on one sales and marketing, a general product catalog with pricing is available in hard copy and electronic format. A new website is now available to postiion the company for national expansion.
About the Business
Year Established:1999
Employees:15 full time -
Facilities:Manufacturing and fabrication facilities include various structures including warehouse and storage. Total approximate square footage is #18,000 - #20,000. The Cementech system for aggregate tile production includes silo, conveyor, fiber system, bag house and vibration table. Fiberglass operation includes fiberglass molds and finishing area. Complete list of tools, equipment and vehicles available.
Market Outlook and Competition:Business is the largest national producer of precast tiles for the marina dock market. In addition to marina tile market, the company also precasts ADA tiles for the construction industry and curb stops; also precasted custom pads for generators and air conditioners. Business is located in one of the largest recreational lake and lake development areas in the country. In addition to manufacturing, company provides installation of precast and PVC products. Competitive design evaluation of all precast competitors will be provided. Growth/Expansion: Currently in development of exposed aggregate tile which will double the market size. In negotiations with a national foam/insulation company to set up dealership for accessories and encapsulated foam at Lake of Ozarks. Expand life time warranty PVC products.
About the Sale
Reason For Selling:Semi-Retire and Manage consulting business
Seller Financing:20% Financing; 7%, 10 years
KEYWORDS: marine, manufacturing, fabricator, wholesaler, fabricator, wholesale, manufacture, manufacturer, marina, boating, concrete, docks, dock, deck, decks, patio, patios, limestone, cement, sunrise beach, missouri, camden
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