Asking Price: $150,000 Gross Revenue: $275,310Cash Flow: $76,523 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $50,000 included in asking priceFF&E: $100,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This is a rare opportunity to own an established high demand business with little competition and high margins servicing the marine leisure and commercial industry. This is a service business on site at the boat's docking location. They have established a solid reputation for service and quality work over the 30 years it has been in business. Currently, there is more requests for work than can be filled on a weekly basis.
About the Business
Number of Employees:
3 FT/1 PT
Located in an industrial complex, facilities have all equipment and supplies to deliver the services. There is 2400 sq ft with office and shop on a month to month basis. The landlord desires a lease situation with the new owner.
There is very little competition in the Seattle area. The boat Industry has an overall confident outlook. The general tone going into 2017 is one of optimism and expectations for slow, steady growth to continue. There have been nearly 5 years of growth in the mid single-digit, low double-digit growth in the markets overall, reports Info-Link. Boating Industry readers are even more positive: 78 percent of respondents to a December survey said their 2016 revenue was up from 2015, with over half of all survey respondents saying that revenue was up 10 percent or higher. 2016’s recreational boating industry performance and trends establishes a predominately positive forecast for 2017. U.S. employment grew moderately, with unemployment now at 4.6 percent and consumer confidence averaging 98.4 in 2016, about a point higher than in 2015. Fuel prices trended lower again in 2016, a favorable outcome for consumers and retail marine businesses.
Growth & Expansion:
There is little competition and as there is more demand than can be accommodated. Hiring more mechanics will boost sales dramatically. Growth is projected in double digits for 2017. Advancements in marine engines and computerized systems coupled with the growth of the retiree population, the largest consumer segment of watercraft and sea going vessels, has created a surge in the demand for marine mechanics. Number increases each year and figures show that it will continue to do so for years to come.
Retirement from the servicing portion of the business.
Will train for 2 weeks @ no cost. Products include the service all brands of marine diesel engines and generators at the customer's moorage dock as well as rebuild existing engines. Technicians apply the latest technologies in restoring the original specifications and high performance complete with warranties and suggested preventive maintenance programs. They troubleshoot mechanical or electrical issues, offer solutions and perform the work in a timely manner at competitive rates. Boat knowledge, mechanical systems, engine service background most helpful. Services include: Engine Maintenance Service; Fuel Systems – Service and Maintenance; Exhaust Systems – Repairs and Maintenance; Engine Alignments; Engine Rebuilds; Marine Electrical; Marine Gear Boxes.
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or stake in the sale of this business and has not verified any of the information
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