Sellers estimate approx. 20 million dollars in parts, engines, transmissions, and generators. This business finds & purchases used engines, generators, transmissions, parts etc... for yachts, commercial charters, tugboats, and watersports operators. Business is being sold based on a discounted value of the inventory even though it is ongoing, fully operational, and profitable. 2022 gross revenue ~1.3M.
This is a lucrative set up where you can fix, refurbish, and resell for an estimated 50% of wholesale prices while operating on very large profit margins. The current sales are generated via the company website, ebay, walk in customers, repeat business and referrals. If its a marine related part this company probably has it. If you need a part for your boat or need to replace an engine or transmission this is the place to go. Extensive inventory of hard to find and unavailable items.
A new owner can capitalize on this unique opportunity by improving the real time inventory system that has been created by the current owners, increasing online presence, forming a salesforce, and consulting team. Additional revenue is generated by repairing and rebuilding engines, transmissions, and generators. Team of well qualified mechanics in place that are willing to stay on post-closing. Located near South Florida sea and airports which is convenient for international sales and shipping. Many clients throughout the Caribbean and Latin America. Sellers will assist in a transition period. Only a fraction of the in-stock inventory is currently online. The facility is a 22,000 sq ft warehouse packed from floor to ceiling and includes a designated repair station. Plus, a large, secure lot that is 1/4 acre. Works with salvage yards, scrap yards, boat yards, insurance companies, sunken boat recovery etc... Sellers are literally sitting on millions of dollars.
The business is asking for a new owner/group to take over and start mining out the money. Proof of funds required prior to receiving information. Possible for an EB5 Visa.
