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Custom Boat Builder Business For Sale
Location: United States -> Virginia -> Norfolk
Industry: Manufacturing > Airplane and Boating Manufacturing




Business Summary

Financial information
asking: $372,000
furniture, fixtures & equipment: $50,000
inventory: $595,000 (included in price) yes that's right!
Financing: 50% down payment balance payable 5% over 5 years. 3 month deferred first payment

Summary description
Regional manufacturer of custom boats. Three models currently offered from 19' runabout to a 32' cabin cruiser. The sleek and attractive lines of these boats are a result of a long and arduous research and development process. The boats built by this company are the very best designs from aesthetic and mechanical views. This business is being offered with 3 boats in the completion stages, requiring very little time or money to complete. The first is a 26' runabout with a 375hp brand new volvo-penta gas engine, needs upholstery choice of new owner to complete. The second is a 20' runabout with a brand new 190 hp volvo-penta diesel engine. And the last is a 32' cabin cruiser. The value of these boats is approx. $595,000 on today's market. Once you add ff&e of $50,000 that is included in the business you can see that just one sale of these included brand new boats will pay for the entire business. This truly is a once in a lifetime opportunity to double your money within a few short months. The boat show season is just around the corner with ft. Lauderdale and Miami next up, followed by the Annapolis in water show. Owner will help with show schedules and provide 2 weeks training in operating this business. Present staff will stay on. E-mail us for pictures of boats and manufacturing plant.

General information
Facilities: 3,600 sq ft warehouse. Two story office suite with loft overlooking production floor. Large overhead doors to move boats in and out.
Support/training: 2 week transition period.
Reason selling: divorce, moving out of area
Year established: 2004
Employees: 2

Email or call Ray at 757-287-4140 for more information on this custom boat building business for sale.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Yes

About The Business

Year Established:  2004
Number of Employees:  1 - 3
Relocatable:  Yes
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease




Print Listing Id: 700141931
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Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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