Business Overview

Lucrative opportunity to own a profitable business in the growing Florida Marine Industry. This 13-year-old business is the dominant leader in stripping paint from the bottom of boats/yachts. This very detailed process requires specialized water blasters and skilled workers to carry out the paint removal process. All business is through a network of referrals, a loyal customer base, and established boatyards. Includes $170k in equipment (trucks, blasters) and all the needed tools. Excellently trained staff in place. The owner manages projects and relationships. Clean books. The seller will stay on to assist the new buyer as needed. Plenty of upside opportunities. Must See! Please refer to listing number 7301908185, business broker David Ballou 561-670-3325 when inquiring about this listing.

Financial

  • Asking Price: $390,000
  • Cash Flow: $226,565
  • Gross Revenue: $389,233
  • EBITDA: N/A
  • FF&E: $170,000
  • Inventory: $2,000
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:1,000
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Lease/Month: 1300 Square Footage: 1000 Building Type: Industrial/WH Terms & Options: Can use any storage fac. Expiration Date: 11/24/2022

Is Support & Training Included:

Weeks Training: 2 Cost: $0

Purpose For Selling:

Personal Reasons

Pros and Cons:

Non Compete : Miles: 100 Years: 3

Additional Info

The business was started in 2008, making the business 14 years old.
The sale will include inventory valued at $2,000, which is included in the asking price.

The business has 4 employees and is located in a building with estimated square footage of 1,000 sq ft.
The building is leased by the business for $1,300 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals choose to sell operating businesses. Nevertheless, the real factor and the one they tell you might be 2 absolutely different things. For instance, they might state "I have a lot of other commitments" or "I am retiring". For lots of sellers, these reasons stand. However, for some, these might just be excuses to attempt to conceal the reality of altering demographics, increased competition, recent decrease in earnings, or an array of various other reasons. This is why it is really crucial that you not rely totally on a vendor's word, yet rather, utilize the vendor's response combined with your total due diligence. This will repaint an extra reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Numerous companies take out loans so as to cover points such as inventory, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can indicate that profit margins are too small. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be satisfied or might result in charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area bring in brand-new consumers? Often times, companies have repeat clients, which form the core of their daily earnings. Specific elements such as brand-new competition growing up around the area, roadway building, as well as personnel turnover can impact repeat consumers and negatively influence future earnings. One crucial point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it concealed from the main road? Clearly, the more people that see the business on a regular basis, the better the chance to build a returning customer base. A final thought is the general location demographics. Is the business situated in a densely populated city, or is it situated on the outside border of town? Just how might the regional median household income effect future income potential?