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Disclaimer: This site is hosted by Marathon Management Services, LLC (MMS). Each Sunbelt office is independently owned and operated. The information in this listing has been provided to the listing Sunbelt office by the business seller and should be verified by a qualified third-party. MMS, including its affiliates, has no stake in the sale of the business, has not verified any of the information and, therefore, assumes no responsibility for its accuracy or completeness. Read MMS's Terms of Use before responding to this advertised listing.
Custom Boat Builder – Vancouver Island
VANISBC001-N127
Sunbelt of Vancouver Island
View all listings from this officePhone: (250) 751-7917
Fax: (250) 585-1231
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. |