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Asking Price:	Not Available
Business for Sale Industry:	Services: Professional
Year Established:	1981
# of Employees:	150 Full Time, 20 Part Time
Yearly Revenues:	$24,400,000
Yearly EBITDA:	$852,000

Business for Sale Overview:

The March Group, LLC currently represents a profitable and well-established marine services contractor specializing in the operation, maintenance and repair of government-owned research and training vessels, range craft, experimental craft and service craft. Boasts an approximately 65% share of the niche market in which it operates. Since 2005, revenues have grown at a CAGR of 37.5% to top $24.4 million in 2007, with EBITDA of $852,000. Backlog of nearly $52 MM will continue to generate revenue over the next five years, while the Company continues the bid process for new contracts. Operates as a federal prime contractor to large governmental agencies, with an average contract win rate of 50% or better. Certified under the International Safety Management (ISM) code, holds facility security clearance, and utilizes government-approved accounting and property control systems. Long-standing relationships with various federal entities and a 90% rate of repeat business are a testament to the Company’s expertise and high level of client-satisfaction. Geographic revenue split varies from year to year, but 2007 saw approximately 61.9% of revenue generated in the Southeast/Gulf market, followed by the Mid-Atlantic at 28.8% and the Northeast at 9.3%. Staff of 150 Full Time and 20 Part Time employees is populated by mariners who obligatorily meet the requirements of STCW 95; the Company’s strong management team is also expected to continue post-acquisition

Property Features and Assets:

The Company’s Head Quarters consists of a 3,332 square feet corporate office from which all administrative functions are performed, leased from a 3rd party. The Company’s nearby, 2,700 square feet warehouse is also leased form a 3rd party. In most cases, the warehouse is generally unstaffed, used to house government equipment as well the Company’s fabrication equipment. In addition to the above-mentioned facilities, the Company maintains a number of off-site operation offices, either government-owned and furnished, or privately-owned and paid for by the government.

Market Competition and Expansion:

The Company is well positioned to capitalize on the significant growth of its niche in the government-owned, contractor-operated vessel industry. A reputation for client satisfaction, measurable results and industry connections will be key to its continued growth. Moreover, the Company’s backlog of nearly $52 million will continue to generate revenue over the next five years, while it continues to bid on new contracts.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner may be 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.