Active
Marine Contractor, Multiple Revenue Streams! (37944)
This Florida contractor provides marine construction for private and commercial projects on the central east coast. Specializing in design, engineering, permits, installation and repairs, the focus is on custom docks, seawalls, boat lifts, beach crossovers and more. Using top of the line marine grade lumber and stainless-steel hardware, the business also offers upgraded features such as composite decking, wire rail systems, mooring solutions and dock accessories. This company prides itself on minimizing negative environmental impacts while offering upgraded options to customers. As an authorized dealer for two boat lift manufacturers, the company offers a wide variety of boat lift options, everything from kayaks to large yachts. They also provide boat lift parts and maintenance service for all boat lift makes and models. The company has a solid reputation. With an impeccable reputation, this company has several months’ worth of work already on the books. Highly scalable with income stability and minimal competition, no current individual client contributes more than 10% of annual sales! As a debt-free business, Gross Sales reached almost $1.3 Million in 2023 with net incomes of $223,269, plus 2024 Year to Date financials of $782,500 in Revenue alongside Discretionary Earnings of $140K. The office is home-based, so the new owner can set up in the single unit warehouse measuring 900 square feet. A state GC or local Marine I/Marine II County license is required. The experienced team of twelve nonunion employees are likely to stay post-sale after a smooth transition. Besides their website and print media, promotional efforts rely on verbal referrals from a large and repeating customer base. This is an opportunity with solid and stable performance in a desirable location. Contact IAG today!
Listed By: Paula Kruger
Background information
Seller Number:
37944
Year established:
2008
Reason selling:
Approaching retirement.
Finance
Sales:
$1,300,000
Profits:
$223,269
Profit type:
Discretionary Earnings
Operations
Employees:
12 nonunion.
Equipment:
$150,000
Inventory:
$10,000 + project variables.
Premises
Square footage:
900+/-
Location:
With operations being Home-Based, business can be fully Relocatable to set up in a unit warehouse of 900 square feet.
Opportunities
Market:
Website, Socials, Print Media and Referral Sources.
Price and terms
Price:
$499,000
Financing:
Standard SBA-term financing will be negotiable for qualified buyers.
Owner Transition:
Continued functions during a smooth acclimation of 6 to 12 months.