Business Overview:
Service Business: This marine fabricator of canvas and upholstery is located near Lake Erie and the Islands. Repair and replacement services include custom design, fabrication and installation of boat covers, tarpaulins, windows, enclosures, wind dodgers, etc. primarily for the local marine market. They also fabricate cushions and upholstery, and can provide canvas and upholstery work for other market segments beyond just marine. Sales were over $100,000 in just half of 2008. In business for over 20 years, the owner is ready to retire. A buyer could purchase the business only for $54,900 and then rent the shop space for just $850 per month. Or, a buyer could purchase the real estate also. The land includes two residential units currently generating over $1,100 per month, well above any ownership costs! The owner is willing to provide training, will sign a non – compete agreement, and would consider financing a portion of the sale.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Real Estate: $190,000 Included in asking price.
Lease Amount: $850 per month
Furniture, Fixtures and Equipment: $14,200 Included in asking price.
Inventory: $8,000 Included in asking price.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.