Marine Supply Co specializing in Nautical Charts, Books, Software

Asking Price$705,000

Cash Flow
$231,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,605,000

InventoryNot Disclosed

FF&ENot Disclosed

listing imageSave

Marine Supply Co specializing in Nautical Charts, Books, Software


Asking Price$705,000

Cash Flow
$231,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,605,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
This company is one of the oldest heritage Marine Nautical Sales Companies in the US operating since 1957. They stock a worldwide selection of nautical charts (electronic & paper), books, navigation software and marine supplies. Since 1987 they have been a supplier of current worldwide charts as well as publications of the U.K. Hydrographic Office (British Admiralty). In 1999 they were granted “International Admiralty Chart Agent" status by the U.K.H.O. Importantly it is also an ISO 9001 Registered Firm. Located in the Mid Atlantic United States, this business is well located in a very busy port with a fully dedicated staff.
As one of the largest nautical chart agents in the United States the company has in stock a worldwide selection of Nautical Charts - British Admiralty, OceanGrafix, NOAA print on demand charts, Canadian Hydrographic Service to name a few.
NAICS Code: 453998
Charts are not their only business, and they proudly offer: Electronic Charts, Cruising Guides, Study Guides, Plotting Instruments, Logbooks, Chart Books, Safety Signage, Navigation Lights, Code of Federal Regulations (CFR), British Admiralty (UKHO), International Maritime Organization (IMO), Weather Instruments, Vessel Chart Portfolio Services, Navigation Equipment, Flags, Navigation Publications, Marine Technical Publications, and Compass repair. We ship Worldwide.
The Seller will provide adequate transition and training to the new owner. The ideal buyer for this business will have familiarity with, and five years’ experience that is industry related. A favorable lease conveys with the sale. A signed Non-Disclosure and Proof of Financing will be required to review the business details. This business has been reviewed for SBA financing.
A suitable lease conveys with the sale.
The real estate is owned by the Seller and is available for sale under separate arrangement.
About the Business
Years in Operation
39
Employees
106
Facilities & Assets
The business is in a 7,833 square foot space comprised of offices, administration and shipping. There is a 2,756 square foot warehouse and workshops adjacent to the office building. These sit on a .57-acre lot.
Market Outlook / Competition
Unique business with little competition
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
10,000
Rent
$1,500.00 per month
About the Sale
Seller Motivation
Retirement
Transition Support
Owner will provide a month of training to ensure a smooth transition
Financing Options
All financial reports are up to date and all taxes are current
Listing Info
ID
2304870
Listing Views
1592

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Susan Wiley Wiley and Associates Inc.

Listing ID: 2304870 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.