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Listing Number: 3520
Summary - SOLD-Marine Electronics Repair and Installation
This 20 year old Marine Electrical contractor specializing in the supply, installation and repairs of electronic equipment for the Mega yachting industry. They have a long standing partnership with some of the worlds largest Italian yacht builders. Their team of experienced Marine Technicians provides knowledgeable solutions to the yacht industry whether working on new boat builds, troubleshooting repairs or re-outfitting projects. Perfect books and records.
Listing Broker
Patrick-Gagliardi
Chief Operating Officer
Phone: 954-633-7278
Email:
[email protected]
- Category: Marine . Repair, Parts & Services
- Asking Price: $1,195,000
- Gross Sales: $1,409,860
- Cash Flow: $234,770
- County: Broward
- Area: South Florida
- FFE: $ 50,000
- Inventory: $25,000
- Real Estate: $0
- Employees: 5 - Full-Time 0 - Part-Time
- Facilities: Rent two locations: a small business office and a shared workshop with a ship builder at a marina
- Relocatable? No
- Home Based? Yes
- Market Notes: South Florida is the Yachting Capital of the World. Many of the new Mega Yachts built in Italy come to South Florida from the ship yards for service, outfitting and completion.
- Growth Notes: Continue to use their reputation and current relationships with yacht builders to bring in new work
- Support Training: One Seller will stay on as an employee post-closing while a second Seller will provide one month of familiarities to insure a smooth transition before retiring.
- Year Established: 1998
- Financing Terms: Pre-qualified with SBA lending for qualified Buyer
- Reason for Selling: One partner looking to retire. The other wll stay on
- Inventory Included: No
- Is Franchise No
- Lender Prequalified No
- Absentee Owner No
- Selling Financing? No
- Is FEE Included? Yes