OEM Marine Air Conditioning & Refrigeration Manufacturer For Sale

Business description

OEM Marine Air Conditioning & Refrigeration Manufacturer For Sale For $275,000. This is one of the most established & respected companies of its kind. A superb reputation that has gained the respect of everyone in the marine industry for over 36 years. This company. produces marine air conditioning equipments. They custom fabricate, manufacture, install & repair marine air conditioning systems & work with air compressors, chillers, condensers, generators & stabilizer coolers.Even with this economy when sales have dipped, revenues are still around $300,000 & when the economy stabilizes again can reach up to $450,000 or more with the right person in charge. This is a Sub"S" Corporation. There is approximately $16,000 worth of inventory included in the sale, plus fixtures, furniture & equipment that have a replacement value of approximately $348,850. Owner loves his company & being in the business, but is retiring due to family health reasons. Owner will consult with new Owner as may be required & this can be negotiated. A very loyal & long time employee that has been with the company for over 22 years would like to stay with the business & will be able to provide any additional support & training along with the current owner. Current lease is for $1,584 per month. Lease can be assumed, however this business can be relocated if so desired. The facility consists of an office plus warehouse & there is a second office, if needed. Owners wishes to state that this business can be relocated, if necessary. Contact for more information.

Property information

Location:

Located in thriving tropical South Florida in an oceanfront city near Fort Lauderdale in Broward County. There are over 1.5 million people in this county. This areas is known as the Venice of America with its many canals & where boat enthusiasts abound. There are many marinas, shipyards & yachts behind the many & often luxury homes. This is one of Florida's preferred vacation spots visited by thousands every year. People are mesmerized by the magnificent array of yachts & luxury cruisers at every turn. This is paradise at its best & a great location for this type of business. Call for more details

Premises details:

Current lease is for $1,584 per month. Lease can be assumed, however this business can be relocated if so desired. The facility consists of an office plus warehouse & there is a second office, if needed.

Other information

Expansion potential:

Owner states that there is unlimited potential for expansion

Competition / Market:

Some competition

Support & training:

Owner will consult with new Owner as may be required & this can be negotiated. A very loyal & long time employee that has been with the company for over 22 years would like to stay with the business & will be able to provide any additional support & training along with the current owner.

Reasons for selling:

Health reasons of family member & Owner is choosing to retire.

Trading hours:

Hours of Operation are from 9:00am to 6:00pm, 5 days a week, but are on call 24/7

Financing available:

Contact for more information Owner financing is possible.

Furniture / Fixtures value:

$348,850 (included in the asking price)

Inventory / Stock value:

$16,000