Asking Price: $11,414,000
Real Estate: $9,100,000
| Gross Revenue | $20,339,000 | Established | 1963 |
|---|---|---|---|
| Adjusted EBITDA | $1,981,000 | Employees | 25 |
| Working Capital | $3,824,000 | Location | Gulf Coast |
Established company providing trusted maintenance, overhaul, and major repair to both ocean-going and inland marine vessels. They also provide critical facility maintenance services to schools, hospitals, office buildings, grain elevators, and manufacturing facilities. The owners oversee operations, but have a strong mid-level management layer and highly-skilled workers.
Top Things to Know About the Business:
- Business Model: Provides maintenance and repair services to ocean-going and inland marine vessels, and also provides facility maintenance services to manufacturing companies.
- Stable Revenues: $21 million in average gross revenue over the past 3 years.
- Strong Cash Flow: $2.3 million in cash flow average over past four years.
- Established Brand: Excellent reputation for outstanding on-time and on budget work that few other companies can provide.
- Limited Marketing: 90% - 95% of business comes from referrals and repeat business.
- Longevity: Established in 1963, the company has been an industry leader for decades.
- Bid-Hit Ratio: The company wins 50% of the jobs it bids on, but much of their work is no-bid.
- Workforce: 25 fulltime. Additional 60 experienced third-party subcontractors
- Seller Financing: 10% seller financing available to show seller’s confidence in continued success.
- Training: Sellers will train free of charge for three months to ensure smooth transition, and are available longer term on as-needed basis.
Financing Details:
- Seller is willing to carry 10% of the purchase price in the form of a Seller Note.
Support and Training:
- The Owners genuinely desire an effective business transition with seamless customer service through to the buyer. Sellers will train free of charge for three months to ensure smooth transition, and are available longer term on as-needed basis.
Reason for Sale:
- The Owners are at retirement age and some of them are experiencing health issues.
For More Information on this Listing:
Click to Download the Corporate NDA