Government Fiberglass Fabrication
Location Tennessee,United States
Asking Price Range $250K - $500K
Gross Revenues $300000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1983
Number of Employees 4 - 5
Inventory 50000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training Yes as needed.
Reason for Sale Other business.
Description For sale is a Government fiberglass Fabrication, Manufacturing & Repair Company. We have been in business for 24 years, we build everything from missile containers for the Navy to radar covers for Army, Amusement rides, and we have one of the best and largest fiberglass boat repair shop in the South East, this is just some of the thing we do. I turn away more work than we do, this business could grow as much as a person would like, There is no competition in this area. The employees I have has been with the company as long as 21 years the lest is 6 year and they are some of the best at what they do and very dependable. You may ask why am I selling? I have other business interest that take a lot of my time and I want to spend more time with my family and my family and I are very involved in Church so God comes before anything, we would not have what we have if it were not for Him. So that's why I am selling, you may say it sounds to good to be true, but it is a very good business, the fall is our best time for Government contracts and Amusement rides, I do have bids and contracts in hand that will start in the next month or so, they range from $59000 to $300000, I have the net profit not gross, [ net ] % around 55% on contracts, on the boat repair it runs around 40% profit. I will say and help get the new owner started as long as needed. I am asking $275000 for the business, all inventory, contracts and equipment, I had a broker to look at the business and they said with some time advertising I could get around $400000, but I need to move on and get my life where I fill God wants me to be and before my Son get to old where he does not want to spend time with Dad anymore. Like I said $275000 is the price I would like to get. With the right person I would take $125000 down and $3000 per month till the sum of $275000 is paid. Email or call 931-308-1857 for more information on Fiberglass Fabrication business for sale.
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