Distributorship for Marine Industrial Equipment

Representing the #1 Manufacturer in their Industry (#WD1329)

 

Gross Sales: $5,128,769 (Average Sales Last 3 Years.)

Seller’s Discretionary Earnings: $564,637 (Last 3 years’ average.)

Inventory: $90,000 (Excluded in Asking Price.)

FF&E: $60,000 (Included in the Asking Price.)

Asking Price: Offers Solicited

 

Summary: 

Outstanding business opportunity to purchase the Northeast distributorship for this highly-regarded, marine-related product line which dominates sales in its category. This nicely profitable distributorship has been in business for 40 years and has a stellar reputation for quality products and services.

Key points to note are:

  • This product line is so well received and respected in the marketplace that it captures over 95% of sales in its category.

  • Product Sales are approximately 60% of revenue, with an additional 40% of revenue comprised of ongoing service and parts sales.

  • The business enjoys steady sales of replacement units for the large installed base. Additionally, the acknowledged upgrading of boats in the industry is driving significant new sales for larger capacity units.

  • Revenue will continue to expand due to the recent introduction to the market of a related product line newly developed by the manufacturer.

  • There are virtually no inventory costs as product is prepaid prior to delivery.

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Facilities:

Businesses is located on the South Shore in an approximately 1,400 sq. ft. industrial space which has business offices and inventory storage for repair parts and disposables for both businesses. Rent is a very modest $1,300/month.

 

Employees:

Including owners there are four full-time employees that support the business, as well as four service contractors. 

 

Other: 

Seller will stay on for a limited period to familiarize buyer with business and transfer key customer relationships. A longer period of time can be negotiated if necessary. Please note that potential buyer must be approved by manufacturer who requires strong sales and management skills and a minimum 10-15 years commitment.

 

Contact Bob Karlis, Business Broker, at 781.749.3087 or bkarlis@cabotbb.com for more information.

Note that the Seller provides all information. Broker does not certify or warranty this information.