A Southwest Florida based business that has been serving the area for 31+ years; providing custom installation of boat docks. The recent hurricane has brought an exceptional increase in business demands. There have been over 800 requests for estimates and their estimator is booked solid for the next 6 months; business is increasing daily with no end in sight. Presently, the pipeline of signed contracts and deposits is $5,600,000 with a wait time of 14 months. They are averaging 6 new contracts a week and growing; most being non-storm related! They anticipate enough work for years to come. The real estate can be leased for 24 months @ $4,000 per month, w/ an option to purchase for $900,000. After the initial 24 months’ rent will be at market rate for the remainder of the 10-year lease. First Half of 2023 recasted P&L w/leased real estate, no taxes or insurance to you for 24 months, has a SDE of $551,268. SELLER SAYS ALL PRICES HAVE INCREASED 25%+ SHORTLY BEFORE THE HURRICANE!
- Asking Price:
- $2,500,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $5,687,761
- Cash Flow:
- $516,279
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
Lease/Month: 4,000 Square Footage: 4,800 Building Type: Industrial
Terms & Options: 24 Mo + Option to Buy
Business Operation
- Reasons for selling:
-
Retirement
- Trading hours:
-
Monday - Friday, 7am-4pm
- Employees:
- 37
- Years established:
- 31
Other Information
- Support & training:
-
4 Weeks
- Financing available:
-
SBA Lender Pre-Qualified with $240,000 down. Terms are approximate
- Furniture / Fixtures value:
- $940,000 - included in the asking price
- Inventory / Stock value:
- $300,000 - included in the asking price
