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Marine Service Business For Sale
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $1200000
Net Profit / Cash Flow $254000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 4 - 5
Inventory 300000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training Owners are willing to provide support and training.
Reason for Sale Owners are preparing for retirement.
Description Operating for over 20 years in the same location on the east coast of central Vancouver Island, Canada, this business supplies & services new engines, accessories and generators by industry giants such as John Deere, Caterpillar, ZF Transmissions, just to name a few. Cash flow is consistent and stable, providing a comfortable lifestyle and a four-day work week for the current owners, who are now preparing for retirement. The company has two divisions: The ''Marine Division'' supplies and services the pleasure and commercial markets for main propulsion and auxiliary power, servicing a wide variety of watercraft from small sail or power boats to commercial vessels used in industry. The ''Industrial Division'' designs and manufactures portable and stationary generator sets; turnkey pumping systems; as well as power units for hydraulic and mechanical drives. Although the business operates independently, it benefits from a synergistic relationship with its subsidiary organization, a ''leasing'' company that provides aluminum crew boats needed in forestry, silviculture, fish farms, and the film industry. The leasing company connects its clients to the 100% back-up service and stringent maintenance schedule. The new owner could benefit from additional revenue streams through ''dual ownership'' of this business, as well as the leasing company. For more information, contact Michael Naprawa at 250-751-7917 or toll-free 1-877-289-0969.
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