Custom Boat Builder – Vancouver Island

Listing ID:
VANISBC001-N127

Vancouver Island, British Columbia, Canada

Machine Shops

Listing Status: Active

Description

No two boats are the same for this custom boat building business. If you have the technical aptitude and believe variety truly is the spice of life, this may be the business you’ve been looking for. Average 5-year revenue is $1.4 million, and based on the first 10 months of its 2011 fiscal year, this business has a projected Seller’s Discretionary Earnings of $148,000. Positioning itself as a small to mid-sized craft builder, the company has filled a market niche where the larger boat manufacturers have more difficulty competing. All elements for success are in place including the skilled staff, the tools, the know-how and the reputation for excellence. Almost all boats produced by this builder are headed for government or research organization buyers. After over 20 years in business and with a bright future ahead, the current owners are looking to smoothly turn over control to a buyer who shares their passion for building anything but a cookie cutter boat. Located on fabulous Vancouver Island on the West Coast of Canada, the purchaser of this business will have access to the very best of professional and personal lifestyle options. For more information on this business opportunity, contact Wayne Anderson by responding to this posting.

Financials

Asking Price:$475,000
Revenue:$939,500
Cash Flow:$148,000
Downpayment:$0
Monthly Payroll:$60,000
FF&E Asking Price:$50,000 (Included in Asking Price)
Inventory Asking Price:$20,000 (Included in Asking Price)
Financing Available?Yes

Property

Type:Leased
Building Size:4500 sq ft

Other

Franchise?No
Homebased?No
Relocatable?No
Year Established:1991
Year Acquired:1991
Full-Time Employees:9
Part-Time Employees:N/A
Reason For Sale:Retirement.