Highly profitable service company that provides industrial supplies (seals, gaskets, etc.) in the oil, gas and marine industries. They also service federal marine agencies. In addition, the company provides valve actuator sales and repairs on ships, as well as top-side painting. They have also done fiberglass lifeboat repairs.
Annual revenue includes wholesale hydraulic seals (25%) and actuators/repairs (25%). The remaining 50% of sales include ship work: retail and maintenance-paint, tile, etc. for US Government ships and US government contracting.
- Asking Price:
- $775,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $630,000
- Cash Flow:
- $300,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
month-by-month
- Leasehold Rent:
-
$18,000 per annum
- Premises Details:
-
Office / Shop / warehouse - 5,000 sq ft Current lease $1,500 / month (month-by-month)
- Size in square feet:
- 5,000 sq ft
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
8:00 am to 5:00 pm - Monday - Friday
- Employees:
- 3 plus contract workers
- Years established:
- 25
Other Information
- Support & training:
-
Available
- Furniture / Fixtures value:
- $80,200 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
- Relocatable:
- This business can be relocated.
