Marine Product Business for Sale

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edison

Three Potential Opportunities:

1. Turnkey Manufacturing Business: Established business with patented products and major boat manufacturer customers. Ready-to-scale.

2. Strategic Purchase by Boat Builder:Reduce costs, popular boat component, propriety technology.

3. Product Line Expansion: Quality product line addition for distributor or marine manufacturer.

Marine product was profiled in International Boating Industry (IBI) magazine in 2019. Total of 4,000 units sold over its lifetime. Proven product that has been in the order catalog of major boat manufacturer for over 6 years with steady growing popularity as an option.

Product has been installed in Coast Guard, Navy and many civilian boat applications. This product has superior engineering and built with quality materials. This unique product is superior to competition with a warranty claim rate of only .0035%. Product demand will grow with aging Baby Boomer population.

Why aren’t revenues greater? Owner is an engineer and inventor at heart and lacks the skills and desire to properly market product on a national basis. This creates tremendous upside potential for acquirer to fully exploit marketplace potential which is estimated at $2-5 million in annual sales. This product can also serve as a powerful differentiator for upscale boat manufacturing company.

If the business is good, why is he selling it? Owner is retiring. 2020 sales are good and on track to match 2019 revenue!

Where the heck did you get that 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, extensive tooling equipment, 5 patents (1 inactive) and training/mentoring from founder to ensure a smooth transition. Revenues in 2019 of $130,000! Includes an inventory of $82,000 and custom tooling equipment of $108,000 in the purchase price of $200,000 includes (inventory + equipment)

What's the upside potential if I buy it? With some modest marketing (none being done currently), additional manufacturer and distributor relationships this product has the potential to grow into annual sales of $2 to $5 million dollars.

SPECIAL UPDATE: The income statement for the first six months of the year is in and sales revenue is level and profit are up slightly compared to 2019! 

These results illustrate the durability of the business even during difficult economic times. Image what a little marketing and sales effort could do for this company?

Request a Confidentiality Agreement to receive a detailed information on this business 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

Discover what your business is worth today with a business valuation!

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