Marine Salvage & Towing
Location Antigua & Barbuda
Asking Price Range < $250K
Gross Revenues $ 55000
Net Profit / Cash Flow $ 55000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1992
Number of Employees 1 - 3
Inventory 50000
Relocatable Not Disclosed
Number of Employees 1 - 3
Real Estate Owned
Training As Agreed.
Reason for Sale The owners are selling is to retire and attend ...
Description A Salvage and Towing specialist is selling his business. The sale includes the steel salvage boat which is 40 ft long with a displacement of 40,000 lbs, it has had several refits since being built in 1966. The twin Detroit 300 hp were rebuilt in 1990. A full list of inventory of navigatation, diving, towing and pumping equipment isalso included.
The current owner is a sea Captain and Salvage Diver and has performed a valuable service in the islands around Antigua and Barbuda for years. This is an established business, boat and owner are well known for their salvage work.
The current owner has no permanent staff. Divers and deck crew are employed as needed. As English Harbour is a hub for boating activity labour is seldom in short supply.While salvage operations take place after an emergency call other types of work are on-going. Diving work undertaken includes dock structural repairs, prop changes, anchor retrieval, servicing of stabalisers, bow thrusters and rudders, zinc replacements, hull cleaning and more. Apart from emergency salvage the vessel is used for towing, emergency pumping, mobile fire pump and anchor relaying. Contact for more information on this Marine Salvage & Towing business for sale.
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