Business Overview

Mussel Ridge Composites started in 2004 producing wider beam hulls for lobster boats. Today they manufacture 42′ to 54′ fiberglass hulls for fishing, tuna, or pleasure boats. Mussel Ridge Boats business has great cash flow, existing contracts to convey and comes with complete with inventory. Many customers contracted these boats from all over the US. This business can be purchased and relocated with inventory or purchased with 2 large heated buildings, home and real estate for a total asking price of $2,600,000.

Financial

  • Asking Price: $1,300,000
  • Cash Flow: $1,008,200
  • Gross Revenue: N/A
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2004

Detailed Information

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

Home Based

Purpose For Selling:

Health reasons

Home Based:

This Business Is Home Based

Additional Info

The company was established in 2004, making the business 18 years old.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people decide to sell companies. Nonetheless, the genuine factor and the one they tell you may be 2 completely different things. As an example, they may state "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these factors are valid. But also, for some, these may simply be reasons to attempt to hide the reality of changing demographics, increased competitors, recent decrease in revenues, or a range of various other reasons. This is why it is extremely crucial that you not depend absolutely on a vendor's word, however rather, use the vendor's response in conjunction with your total due diligence. This will repaint an extra realistic picture of the business's current circumstance.

Existing Debts and Future Obligations

If the current entity is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Lots of companies finance loans so as to cover things like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can suggest that earnings margins are too thin. Many organisations come under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be fulfilled or may result in fines if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do businesses in the area draw in brand-new consumers? Most times, operating businesses have repeat consumers, which create the core of their daily earnings. Certain variables such as new competition growing up around the location, roadway building, as well as employee turn over can influence repeat clients and negatively influence future incomes. One essential point to consider is the placement of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Obviously, the more individuals that see the business regularly, the greater the possibility to develop 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 outskirts of town? Exactly how might the local mean house earnings influence future revenue potential?