Marine Electronics

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Asking Price:
$1,795,000

Gross Revenue:
$2,300,747
Cash Flow:
$835,965
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$25,000
not included in asking price

FF&E:
$500,000
included in asking price

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Business Description

This 20 year old Marine Electrical contractor specializing in the supply, installation and repairs of electronic equipment for the Mega yachting industry. They have a long standing partnership with some of the world's largest Italian yacht builders. Their team of experienced Marine Technicians provides knowledgeable solutions to the yacht industry whether working on new boat builds, troubleshooting repairs or re-outfitting projects. Perfect books and records.

About the Business

Year Established:
1998
Number of Employees:
6
Real Estate:
Leased
Building Sq. Ft.:
1,100
Facilities:
Rent two locations: a small business office and a shared workshop with a ship builder at a marina
Market Outlook/
Competition:
South Florida is the Yachting Capital of the World. Many of the new Mega Yachts built in Italy come to South Florida from the ship yards for service, outfitting and completion.
Growth & Expansion:
Continue to use their reputation and current relationships with yacht builders to bring in new work
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About the Sale

Reason For Selling:
One partner looking to retire. The other will stay on
Training/Support:
One Seller will stay on as an employee post-closing while a second Seller will provide one month of familiarities to insure a smooth transition before retiring.
Seller Financing:
Pre-qualified with SBA lending for qualified Buyer

Listing Info

ID:
1592871
Ad Detail Views:
0

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Capital Business Solutions

CAPITAL BUSINESS SOLUTIONS

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