This niche marine product manufacturer, importer and distributor has been in business for over 35 years by 1 owner and he's ready to retire. This business is the leading manufacturer of marine products serving a specific breed of boaters. Competition is minimal due to targeted customer base, skill and experience of this company. Others have tried to copy, but customers love the original best. Very steady revenue. Even though sales have returned to pre-Covid levels, (significant growth due to Covid as boaters invested in boats to escape lockdowns) owner has created great opportunity for growth by expanding their expertise into a whole new architectural market. Perfect size for new owner to continue to run and grow business or ideal acquisition for current marine products manufacturer/distributor. Well trained and experience workforce in place to make for an easy transition. Lease transition no issue as facility is owner occupied.
- Asking Price:
- $750,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,001,842
- Cash Flow:
- $170,777
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
Owner occupied, modern 2400 sq ft high bay unit part of large industrial complex. Location is excellent - easy access and close to major airports and related marine businesses. Owner will lease back at fair market value.
Business Operation
- Expansion Potential:
-
Current market remains stable with minimal growth projected. However, owner has identified a new architectural market that has great potential for growth.
- Competition / Market:
-
Very low competition. This is truly a niche business. Big enough to make a nice living. Not too big to create competition. Other have tried to copy, but customers don't want to risk their reputation on unproven products.
- Reasons for selling:
-
Retirement.
- Trading hours:
-
Monday-Friday 8am-5pm
- Employees:
- 5 FT
- Years established:
- 39
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $50,000 - included in the asking price
- Inventory / Stock value:
- $41,862 - included in the asking price
- Relocatable:
- This business can be relocated.
