Engineering & Construction Of Marinas, Docks, More
Location United States
Asking Price Range $5.0M - $10.0M
Gross Revenues $3880000
Net Profit / Cash Flow $882000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1991
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training In order to ensure a smooth transition to new ownership, the principals would entertain remaining with new management for a period of time given an...
Reason for Sale Owners would like to pursue other interests.
Description Founded in 1991, our client specializes in the commercial and residential floating docks, including, marinas, piers, breakwaters, and wave attenuators. In addition, the company manufactures floating structures such as pump intake platforms and other types of floating platforms. Although their main product line includes design, manufacture and installation, they also specialize in a niche market, the re-design, refurbishment and re-floating of marina structures.
The client enjoys a 66% rate of repeat business and sells products and services with the future of the customer in mind. The Company's attention to detail, professionalism, competitive pricing and strong relationship-building has earned it a well deserved reputation for excellence and is reflected in the impressive year-to-year growth.
The custom designed facilities feature a 2,500 square foot office and a 15,000 square foot manufacturing facility with overhead cranes, metal fabrication shop. There is ample space for expansion should the need arise. Facilities are owned by the Company, and according to management, the fair market lease is approximately $35,000 per year.
Over 20 recurring clients, revenues are generated from commercial entities, individual homeowners & government agencies; serves several geographical regions across the U.S. Sales strategy: managing the growth & development of current client relationships & establishing new long-term relationships. Marketing channels: personal networking, website, yellow pages & relationship-based marketing activities. A good portion of revenues is from repeat business & word-of-mouth referrals. Approximately three direct competitors in the immediate marketplace.
Opportunities available for aggressive pursuit include geographic expansion, marketing and sales development and expansion of the product line. Contact for more information on this Engineering & Construction business for sale.
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