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37625-Booming Marine Manufacturing Co. in Florida

Wholesale/DistributionFor Sale in FL

Financial & Assets Details

$4,613,671
$641,210
$921,210
$607,451
Yes

About the Business

Yes
2013
4 nonunion
Yes

Business Description

From the eastern coast of Florida, this wholesale distributor specializes in the quality-focused materials for boat builders, energy suppliers and industrial firms. They offer a wide range of top brand products including fiberglass panels, resins, matline laminates, adhesives and sealants, as well as plastic honeycombs, cores, structural foams and CNC kits. Operating from a 16,000 square feet facility that features a warehouse, storefront, storage yard and office space, the business location is in excellent condition, leased monthly and is capable of handling additional capacity. Its excellent track is record supported by six years of ongoing success after being acquired in 2013, and marketing efforts focus on targeting marine manufacturers, commercial contractors and transportation agencies through the use of biennial tradeshows and constant referrals. Company’s included equipment of $92,121, skilled personnel of 4 nonunion employees, and negotiable inventory averaging the $600K mark, represents significant growth opportunities for a strategic buyer. Seller agrees up to a one year transition assisting in managerial roles, as business already is generating backlogs for 2020 along with 11% yearly increases in income. With a large repeat customer base and solid reputation, total revenue for 2018 reached $4,613,671 with Seller’s Discretionary Earnings of $641,210 and projects $6M in profits with $800K in SDE and $693k EBITDA for 2019.

Seller Financing

Negotiable for the right buyer

Support & Training

1 year

Reason for Selling:

Approaching retirement

Listing ID: 37625-Booming Marine Manufacturing Co. in Florida

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