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Business 4 Sale. Marine Construction – Hi-End Docks & More. Price reduced to $325K. Sales $325K. Cash Flow $110K. Go to: http://goo.gl/bbzD
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Natural Resource Manufacturer
Financials
Asking Price of Business: $4,000,000
Included in the Asking Price:
- Furniture, Fixtures & Equipment: $800,000
- Inventory $200,000
Asking Price of Real Estate: $4,000,000
Cash Flow: $1,800,000
- Cash flow includes $1,400,000 from the business plus $400,000 real estate rent add-back.
Annual Sales: $6,000,000
Summary Description
This company is a manufacturer and harvester of one of Maine's most interesting natural resources with an international market. The business is well-established, rapidly growing and profitable. Operations include, but are not limited to, the manufacture, design and installation of a wide variety of products. The company has blended artistic creativity with innovative techniques, modern equipment and manufacturing methods that include both custom and production work. Its success is related to its excellent reputation of high quality work done on time and on budget. The company’s customer list is impressive. This is an exceptional opportunity for a corporate acquirer in a related or complimentary business or for an individual looking to combine sales, marketing and management skills in a traditional and historic Maine business. For confidentiality reasons the exact nature of the business cannot be revealed until Maine Business Brokers has received a prospective buyer’s agreement to confidentiality and fully completed registration form.
General Information
Year Established: 1975
Employees: 45 FT
Market Outlook
Competition & MarketThe company is dominant in its Maine market. There are several smaller competitors who are competitive in certain local markets for projects of average complexity. This company’s size and reputation, however, allows it to dominate the local market on larger and more and more intricate projects. There are larger competitors in the national market, but a recent development will allow the company to expand in this market.
Growth & Expansion:
The company believes that its core business will continue to grow at an annual rate of 10-15%. It also believes that tremendous future growth will come from another segment of the business with a virtually unlimited supply of raw material. This supply along with the company’s skill and competencies will propel the company to a dominant position in regional and national markets.
About the Sale
Financing:
- Bank/Seller on Business: $3,000,000
- Bank on Real Estate: $3,200,000
- Down Payment Needed: $1,800,000
- Working Capital Needed: $500,000
Support/Training: The seller will provide transition training for a new owner.
Reason for Sale: Retirement
Contact Information
Lee Edwards
Maine Business Brokers
Phone: 207-775-1957
Lee@MaineBusinessBrokers.com
Before we can provide you with more information about our listings we need your agreement to confidentiality and your registration with us as a potential buyer. If you are not yet registered with us, please follow the link below to the Registration page. If you are already registered with us, follow the link to the inquiry page or contact the broker with whom you have been working.
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“Brokers [like Maine Business Brokers] now facilitate mergers and sales of companies of all sizes. .. with annual sales ranging from $200,000 to $6 million.”
Sara Walbridge
MaineBiz
