Marine Parts Distributor
Location North Carolina,United States
Asking Price Range $250K - $500K
Gross Revenues $814188
Net Profit / Cash Flow $98802
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1993
Number of Employees 1 - 3
Inventory 250,000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Owned
Training Available
Reason for Sale Owner is a lic. nurse
Description This is a unique distribution business that serves the retail marine stores and Marine repair community with marine parts and supplies. They do not get involved in boating accessories such as life jackets, coolers, fishing gear, etc., but concentrate on mechanical components, paints, hose, props, steering components, stainless, etc. Customers include marine yards, retail businesses and mechanical service businesses.
This Marine distribution business is located in a modern facility with lots of room of continued growth, or could accomodate the merger of another business. The buildng can be leased or can be purchased for $330,000 at the option of the Buyer.
This business has the ability to buy direct from a variety of manufacturers that are notoriously hard to inget a foot in the doorin with. The business deals primarily in marine supplies and components - not in marine accessories, which can be purchased at discount stores. The staff has the experience and expertise to sell and support any level of marine component. The seller is a licensed nurse who ended up with the business through a divorce settlement, She works approximately 5 hours per day or less. $390K buys you the business, $73,770 in Equipment and $250,000 in new inventory.
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