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Long Established Marine Business
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Northern Palm Beach County - Florida, Palm Beach
| Seller Financing: |
Yes |
| Lender Pre-Qualified: |
No |
| Listing ID: |
75074 |
| Office ID: |
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| Status: |
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Listing Details
| Listed Price: |
$350,000 |
| Down Payment: |
$280,000 |
| Total Sales: |
$722,953 |
| SDE: |
$147,593 |
| EBIT: |
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| EBITDA: |
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| FFE: |
$16,990 |
Included? Yes |
| Real Estate: |
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Included? |
| Inventory: |
$5,500 |
Included? No |
| A/R: |
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Included? |
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| Reason for Sale: |
Owner ready to retire |
| Training: |
2 weeks at no cost to buyer |
| Financing Terms: |
$70,000 @ 6% for 60 months |
Operations
| Year Established: |
1989 |
| Last Acquired: |
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| Form of Ownership: |
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| Home Based: |
No |
| Relocatable: |
No |
| Type of Location: |
Strip Center |
| Absentee Owner: |
No |
| Online: |
No |
| Employees: |
Full Time: 4 / Part Time: 2 |
| Managers: |
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| Hours: |
Mon-Fri 8-4:30 Weekends as required |
| Owner Hours: |
40 |
| Non-Owner Payroll: |
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| Franchise Info: |
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Location
| Lease Expire: |
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| Option: |
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| Lease Terms: |
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| Lease Security: |
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| Monthly Rent: |
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| Square Footage: |
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| Facilities: |
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Summary
| Business Description: |
Long established marine business with stellar reputation & high-end, repeat clients. Services include full yacht painting, anti-fouling, varnish, carpentry, & marine store. Superb facilities. Great cash flow with most jobs 100% paid on completion. Owner ready to retire, but is open to consulting arrangement. New owner can increase sales/profit by adding mobile service and new services e.g. fiberglass repair. Tremendous opportunity for buyer with business skills & passion for boats. Ask for Michael Franklin when inquiring about this business!!! |
| Historical Summary: |
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| Owner Qualifications: |
management, basic knowledge of boats and painting helpful |
| Competition: |
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| Potential Growth: |
Growth/Expansion: New owner can increase sales/profit by adding mobile service and new services e.g. fiberglass repair Start a wed site!! |
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