Business Overview:
The Company manufactures and markets a line of sport and recreational fiberglass boats ranging from 18-28’with a full complement of bow-riders, cuddy cabins, and deck boat models. Most models are powered by inboard engines but some can be customized to outboard engines. Current Situation: Ownership is evaluating scenarios to responsibly exit the business while maximizing value to shareholders. For More Details: Please execute the following Confidentiality Agreement and return via fax to: 443-320-9225. Once we receives your signed CA, we can discuss this opportunity in greater depth, and release access to the Confidential Offering Memorandum and Data Room. 321 Capital is actively scheduling site visits to tour the facility.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
Owned and operated in the same location for over 40 years, this manufacturer maintains a reputation for quality and craftsmanship while enjoying the enviable position of being virtually debt free.
All boats are manufactured and tested in the 150,000 sq. ft. facility ideally located on a secluded 16 acre parcel in the South-East United States. The Company sells through an array of manufacturer’s reps and dealers throughout the United States, Canada, and internationally.
Market Competition and Expansion:
While the company has the capacity to produce 1,000+ boats annually, the Company prides itself on attention to detail. All boats are hand-crafted with every layer of fiberglass hand rolled, on site. Since 1980 the Company has won 23 awards with 7 Boat of the Year Awards and multiple customer satisfaction awards.
Reason for Selling:
Retiring
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: