This celebrated Southern California based high performance sport and work boat manufacturer boasts nearly 60 years of goodwill. The second-generation family-owned company’s watercrafts, which are between 20 and 42 feet in length, are fixtures in the professional diving, fishing, surfing, research, patrol and sheriff departments due to their durability and ability to remain highly stable in heavy swells. As a result of their utility and functionality, these vessels are ever present in offshore waters from Alaska to Mexico and Hawaii. The company sells direct to the consumer and regularly maintains a 1-2 year deposit-based waitlist.
- Asking Price:
- $1,295,000
- Sales Revenue:
- $1,326,255
- Cash Flow:
- $129,556
Property Information
- Real Estate:
-
Lease
- Leasehold Rent:
-
$81,660 per annum
- Premises Details:
-
This business operates out of a production yard with an office, and several enclosed materials rooms and work sheds. The office and yard lease for $6,805 per month on a secure lease with options to be negotiated. All of the company’s furniture, fixtures, equipment and goodwill be included in the sale. The seller will agree to work for a reasonable transition prior, and may consider remaining the ‘face’ of the company for an agreed upon period depending on the overall offer and terms.
Business Operation
- Expansion Potential:
-
While the commercial boating industry is a competitive one, few manufacturers could hope to have the name recognition and respect that this company has established in its vessels. In fact, despite being build constructed and marketed for their functionality, the company has seen a dramatic increase in well healed leisure boat clients that appreciate the boat’s durability and performance characteristics in the large swells near the Channel Islands, Alaska and Hawaii. Needless to say, few category competitors can claim to possess comparable hull designs, craftsmanship or customized options that allow this firm to attract leisure boaters to their commercial crafts with few amenities!
- Competition / Market:
-
While the commercial boating industry is a competitive one, few manufacturers could hope to have the name recognition and respect that this company has established in its vessels. In fact, despite being build constructed and marketed for their functionality, the company has seen a dramatic increase in well healed leisure boat clients that appreciate the boat’s durability and performance characteristics in the large swells near the Channel Islands, Alaska and Hawaii. Needless to say, few category competitors can claim to possess comparable hull designs, craftsmanship or customized options that allow this firm to attract leisure boaters to their commercial crafts with few amenities!
- Reasons for selling:
-
Personal
- Employees:
- 12
- Years established:
- 1966
Other Information
- Support & training:
-
Seller will train for 35hrs/week, and the spouse for 25hrs/week, or as negotiated.
- Owner financing:
- Owner financing is available. Please contact the seller for more information.
- Financing available:
-
Seller may consider a small, secured carry to a credit-worthy buyer with sufficient experience to facilitate an SBA or conventional loan based on the overall offer.
