Sold:Refurbishment of Vessel Parts Business

United Kingdom
12th December 2018

Refurbishment of Vessel Parts Business

Confidential Marine Business Sale
£85,000 (+ Stock at Valuation) UK - East Sussex
Business Type: Refit Services

Business:

Confidential Sale

Ref No:

FPM67620

Location:

UK - East Sussex

Guide Price:

£85,000 (+ Stock at Valuation)

Business Overview

This is an excellent opportunity to acquire a well established business that refurbishes and manufactures specific vessel parts for leisure boat owners, boatyards and commercial operators.

Long established with virtually very little organised competition and the recognised leader in its market, the business was founded in 1989 and under current ownership since August 2017 with the owners continuing its reputation for high quality workmanship, reliability and service.

The business is operated by a husband and wife team and although located in a leasehold industrial unit in the South East of England it could easily be relocated if required. Supply chain relationships are in place with original equipment manufacturers and trade distributors. Business is generated from advertising, web presence, attendance at boat shows and a well-known profile within the industry.

Operating on a simple well thought out format that generates good profit margins from its positive cash flow model, there are no employees so a ‘hands on’ approach will be required by a buyer from the outset. The owners will provide an extended handover and support period to ensure that the necessary technical knowledge is transferred.

Whilst this is an established business there is certainly scope for further development of markets and expansion of services. It therefore represents an opportunity to either a private buyer or could be the ideal add-on to an existing marine business.

View Information Memorandum

Financial Summary

To protect the business owner's commercial interests financial trading information will only be provided to interested parties upon completion of the Agent's Registration & Confidentiality Agreement.

Turnover:

On Application

Cost of Sales:

On Application

Gross Profit:

On Application

Gross Profit Margin:

On Application

Operating Expenses:

On Application

Adjusted Operating Profit:

On Application

Seller Contact Information

This opportunity is offered exclusively for sale by First Peninsula Marine and no direct approach should be made to view the business. To protect the business owner’s commercial interests full details are only available to buyers that have completed the Agent's Registration & Confidentiality Agreement. Please contact the following for further details:

Name:

First Peninsula Marine

Email:

Send a message

Phone:

0333 987 3122

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