SOLD-Marine Electronics Repair and Installation

United States, Florida

Asking Price: $1,195,000

Cash Flow: $234,770

Gross Sales: $1,409,860

Area: South Florida

FFE: $50,000

Inventory: $25,000

Real Estate: $0

Established: 1998

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Patrick Gagliardi

Chief Operating Officer

954-633-7278

[email protected]

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Summary

SOLD-Marine Electronics Repair and Installation

This 20 year old Marine Electrical contractor specializing in the supply, installation and repairs of electronic equipment for the Mega yachting industry. They have a long standing partnership with some of the worlds largest Italian yacht builders. Their team of experienced Marine Technicians provides knowledgeable solutions to the yacht industry whether working on new boat builds, troubleshooting repairs or re-outfitting projects. Perfect books and records.

Detailed Information

Sub-Category: Marine . Repair, Parts & Services

County: Broward

Employees: 5 - Full-Time, 0 - Part-Time

Facilities: Rent two locations: a small business office and a shared workshop with a ship builder at a marina

Relocatable: No

Home Based: No

Market Notes: South Florida is the Yachting Capital of the World. Many of the new Mega Yachts built in Italy come to South Florida from the ship yards for service, outfitting and completion.

Growth Notes: Continue to use their reputation and current relationships with yacht builders to bring in new work

Support Training: One Seller will stay on as an employee post-closing while a second Seller will provide one month of familiarities to insure a smooth transition before retiring.

Financing Terms: Pre-qualified with SBA lending for qualified Buyer

Reason for Selling: One partner looking to retire. The other wll stay on

Inventory Included: No

Is Franchise: No

Lender Prequalified: No

Absentee Owner: No

Selling Financing: No

Is FEE Included: Yes