Serving the marine navigation and communication electronics market in the San Francisco Bay Area for more than six decades, this business enjoys a sterling reputation, loyal customers, a diverse customer base, a growing market, increasing sales, and generous profits.
The company regularly services about 65 vessels from 20+ different customers, including commuter ferry boats, dinner cruise boats, excursion boats, charter boats, plus government vessels, tug boats, and commercial fishing boats, as well as high-powered motor boats and world-class sailboats. Scores of regular recurring customers, hundreds in the database.
As an authorized dealer for key manufacturers, the business offers instrumentation such as radar, VHF radio, GPS, AIS, auto-pilot, sonar, and related electronic devices.
This business is perfect for the owner-operator or for a semi-absentee owner who hires a motivated individual for day-to-day operations.
Gross revenues exceed $500,000 for 2014 and 2015, and are on the way to much higher sales in 2016.
Seller’s discretionary earnings are reported to be: approximately $119,000 in 2013, $155,000 in 2014, and $170,000 in 2015.
The current owner works full-time in the business and utilizes two regular part-time (“1099”) contractors as necessary for some installation and service work.
The business is located on the San Francisco Bay waterfront on leased space at a very favorable rate, which can be assumed by a new owner.
The transaction will be a transfer of the business assets to the buyer, specifically excluding accounts receivable, cash on hand, and security deposits held by others. The asking price is $299,500.00 (approx. 2X SDE) plus current inventory (approx. $30k to $40k) which includes all other tangible assets (including all furniture, fixtures, and equipment – “FF&E”), intangible assets, customer records, trade name, lease and other contractual relationships, web site, phone number, etc. Some seller financing may be available for a qualified buyer. SBA eligible.
Note: All data on this business are provided by the Seller for information purposes only, and no representations are made by the Broker as to accuracy. The Broker has made no independent verification of the data contained herein. The Broker represents the Seller and does NOT represent the Buyer. The Buyer is advised to perform independent due diligence and seek the advice of professionals prior to purchasing the Business.
Asking Price $299,000
Sales Available On Request
Profit Available On Request
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