rare acquisition opportunity with major upside in marine industry.

  • Found: Mon Sep 20 14:04:30 2021
  • Updated: Mon Sep 20 14:04:30 2021 (GMT)
  • Source: Bizquest
Price

9,500,000$

Type: On sale
Sale method: Classified
Sale status: Open

Contact seller
Financials (verified)

Revenue per month: 500,000$
Profit per month: —

Traffic

Uniques per month: —
Views per month: —

Summary

Year founded: 2008

Description

south florida acquisition opportunity. rare to market. major upside potential.

seller's estimate approx. 62 million dollars in available inventory.

this opportunity involves the sale of two companies located in south florida. they specialize in the secondary market for engines, transmissions, generators, gears, and parts. niche business for yachts, recreational and commercial boats.

local as well as worldwide sales. close to major airport and seaport for easy international shipping. convenient south florida location. yachting capital.

larger company has approx. 50 million in available inventory. smaller company approx. 12 million in inventory. annual sales estimate at 4.5m and 1.5m respectively.

only a relatively small portion of the inventory is currently listed online. opportunity to list remaining inventory and increase awareness of all products available.

both businesses are fully staffed. in addition to buying and selling there is a repair and rebuilding component which also generates revenue.

the business model revolves around buying at low prices from salvage and boat yards, auction houses, insurance companies, dealers, walk-ins, estate sales etc...

the products are resold at very competitive prices. many of the engines and parts are either no longer available or would need to be purchased new at much higher prices.

business model revolves around buying at "10 cents on the dollar and reselling at 50% of wholesale prices."

growth: - develop a system to catalogue and list all inventory online. organize an it and management team to not only sell the current inventory but grow the business.

purchasing both companies will allow a buyer to dominate the secondary market for the marine parts and engines industry.

just under 63,000 sf packed floor to ceiling. waiting for a new and energetic group to take over. includes offices, warehouse, shipping and receiving areas.

current owners will assist in a transition period, introduce to their contacts and teach the various aspects of the business. they are willing to stay on post sale if needed.

total asking price: $9,500,000. (for inventory and ongoing businesses)