Maritime Construction Company - SBA Approved
Not Disclosed, TX Not Disclosed
South Central Texas
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- RE: Maritime Construction Company - SBA Approved
- Contact: Robert Howells
Quick Facts
| Asking Price: | $4,000,000 | |
| Annual Revenue: | $2,200,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,027,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $580,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | 4 | |
| BBN Listing #: | 981005 | |
| Broker Reference #: | S510 |
Business Overview:
This is a specialized construction business that designs and builds anything on the waterfront such as docks, retaining walls, boat storage units, lifts, and ramps. The business has experienced continued growth and expected to finish the year with revenues in excess of $2.8M in 2024 – a 30% increase. The owner anticipates similar performance in 2024 as they signed additional backlog of work for the year that is excess of $3M approved work. This is an established business with a great reputation, but could be improved with the addition of some internal processes to streamline operations during this growth. Management in place.
The business is located in the second highest growth area of Texas and is experiencing tremendous expansion. The business grew during the pandemic due it its unique offering and high net worth customer base. Very few competitors in the marketplace and a lot of lake/riverfront properties. Seller willing to stay on with new owner for sales, design and quotation activities. Pre-booked revenue and quoted jobs come with the sale.
Inventory: Not included in asking price
Real Estate: Leased
Employees: 4
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: Located on a 2 acre leased yard
Growth & Expansion: The business offers a variety of products and services. There is continued opportunity for growth with additional marketing. The majority of the current business is from referrals. Business utilizes a yard which has ample space to store equipment and inventory for growth.
Financing: Seller Financing Available. SBA Approved with several lender
Support & Training: The owner is also willing to assist the buyer with a smooth negotiated transition, and is flexible on how it will be structured and is willing to stay on in some capacity long term. Included with the sale is a meaningful non-compete agreement.
Reason for Selling: The owner is selling to focus on other business interests.
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Reason for Selling:
Focus on Other InterestsAdditional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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