MergerPlace

MARINE ELECTRONICS REPAIR AND INSTALL

Florida (Broward)


  • Asking Price: $1,795,000
  • Gross Income: $2,300,747
  • Cash Flow: $835,965
  • Real Estate: Not Disclosed
  • Inventory: $25,000
  • FF&E: $500,000
  • Listing ID: #211756
  • Established: 1988
  • Employees: 6

Business Description

This 20 year old Marine Electrical contractor specializing in the supply, installation and repairs of electronic equipment for the Mega yachting industry. They have a long standing partnership with some of the worlds largest Italian yacht builders. Their team of experienced Marine Technicians provides knowledgeable solutions to the yacht industry whether working on new boat builds, troubleshooting repairs or re-outfitting projects. Perfect books and records.


Business Details

Primary Business Category: Services - Other Services
Location: Florida
County: Broward

Company Information

Year Established: 1988
Home Based: Yes
Franchise: No
Relocatable: No
Number of Employees: 6

Financial Information

Asking Price: $1,795,000
Gross Revenue: $2,300,747
Cash Flow: $835,965
FF&E: $500,000
Inventory: $25,000
Seller Financing Available: No

Property Information

Facilities:

Rent two locations: a small business office and a shared workshop with a ship builder at a marina

Growth & expansion opportunities:

Continue to use their reputation and current relationships with yacht builders to bring in new work

Competition:

South Florida is the Yachting Capital of the World. Many of the new Mega Yachts built in Italy come to South Florida from the ship yards for service, outfitting and completion.

Reason for selling:

One partner looking to retire. The other wll stay on

Support & Training:

One Seller will stay on as an employee post-closing while a second Seller will provide one month of familiarities to insure a smooth transition before retiring.

Contact Business Seller

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Business Listed By:

Patrick Gagliardi

Capital Business Solutions