Listing ID: 79191
LUXURY YACHTS – Well established Yacht fitting business for sale, located in beautiful Ft. Lauderdale. Current owner is looking to move out of state, for family reasons, hence business for sale. 5 strong and experienced employees in place, who do high quality work. Current owner is working 40 hours a week, mostly pricing business. This is an exceptional facility in Ft. Lauderdale, with a fantastic and loyal customer base, including Captains and Boat Managers referring business. This should easily qualify for a Visa. Excellent books and records in place.
- Asking Price: $150,000
- Cash Flow: N/A
- Gross Revenue: $525,458
- EBITDA: $153,373
- FF&E: $25,000
- Inventory: $5,000
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
fully equipped workshop with plenty of room and equipment
two weeks training
moving out of the area
highly respected in the industry with excellent contacts with Managers of Boats and Captains who bring much business in
The venture was started in 2013, making the business 9 years old.
The sale doesn't include inventory valued at $5,000*, which ins't included in the asking price.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals choose to sell businesses. Nonetheless, the real factor vs the one they tell you may be 2 entirely different things. As an example, they may say "I have too many other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But, for some, these may just be excuses to try to hide the reality of transforming demographics, increased competitors, current decrease in incomes, or a variety of various other reasons. This is why it is really essential that you not depend completely on a seller's word, but rather, use the seller's solution in conjunction with your general due diligence. This will paint an extra sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Numerous companies take out loans so as to cover things like stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can mean that earnings margins are too thin. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to consider. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that should be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract brand-new consumers? Most times, operating businesses have repeat consumers, which form the core of their daily profits. Certain variables such as brand-new competition growing up around the area, road construction, as well as personnel turnover can affect repeat consumers and negatively impact future incomes. One important thing to consider is the location of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Certainly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A final idea is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Just how might the regional mean household income effect future earnings prospects?