Turnkey Marine Manufacturing Business located in Florida Panhandle: Fast-growing business that grew 50% in 2020. Ready-to-scale.
A proven product line in the marine industry. Marine construction experience is a plus and limited competition makes this an exceptional opportunity.
This creates tremendous upside potential for the acquirer to fully exploit marketplace potential by expanding regionally or nationally which is estimated at $7-15 million in annual sales. This is a manufacturing company that also generates revenues from services such as installation and repair. If you have a passion for the boating industry, love manufacturing, enjoy the Florida Panhandle and understand marine construction this is a perfect match.
If the business is good, why is he selling it? The owner is ready to retire. 2020 sales are strong at approx. $2 million in 2019 revenue and $3 million in 2020. Owner Benefit (SDE) for an owner-operator was $440,000 for 2020.
Where did you get the price? The sale price for this business is consistent with what other manufacturing businesses of this size have sold for in the marketplace. The sale of this product and/or company includes all inventory, tooling equipment, and training/mentoring from the founder to ensure a smooth transition. The asking price of $1,295,000 includes (inventory + equipment) Business is not easily relocatable from Florida Panhandle, but it is expandable regionally and/or nationally.
What's the upside potential if I buy it? With some modest marketing (little being done currently), additional Authorized Dealer relationships, and developing an online product line.
These results illustrate the durability of the business even during uncertain economic times. Imagine what expanding marketing and sales effort could do for this companies growth rate?
Request a Confidentiality Agreement to receive a detailed report on this investment opportunity:
Edward Valaitis, Certified Business Intermediary, www.EdisonAvenue.com
The #1 Business Broker and M&A Advisor for all things marine. 800.975.2114 Info@EdisonAvenue.com
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