Boat -Canvass - Upholstery - window coverings

Annapolis, MD
Anne Arundel County

Serving The Chesapeake Bay Area


Asking Price: Annual Revenue:
$695,000 $300,000

Manufacturing: Furniture, Fixtures Manufacturing


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RE: Boat -Canvass - Upholstery - window coverings Broker: Dennis Riley
License #: 6767md
Owner Financing is Available!
Subject to terms of the agreement plus strong Credit approval.
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Quick Facts

Asking Price: $695,000
Annual Revenue: $300,000
Net Profit: $100,000
Cash Flow: $100,000
Total Debt: $10,000
FF&E: $50,000
Real Estate: $400,000
Year Established: 1987
Employees: 3
BBN Listing #: 57592144
Broker Reference #: 7037

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Business Overview:

This is a Boat - Canvas Business with many related Profit Centers. Most of their work is around the Annapolis -Chesapeake Bay -- Marinas This 30 year old Business is focused on "Redecorating" Yachts, Cushions, Curtains, Canvas work plus. Many of their Customers have them do their home projects including Draperies, Window Coverings, Couch Reupholstering -- This Business is being sold with the Property & renovated Building with a large addition. The Real Estate is being sold below Market Value. There are 2 experienced Technicians that are very valuable to the Business, and would like to stay -- The owner will stay for a transfer period and will be available for problem solving for a continued period. This Business has several "Contractors" that help out on Larger Projects or special areas that need special talents.All areas of this Business can be expanded including the Awning "Profit Centers or Sail Making. To learn a lot more about this Business send an e-mail to Dennis Riley and ask him for the "Executive Summery".

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Property Features and Assets:

This approximately 1/2 acer of Commercial Land is on the Main Commercial Street of this Water Front Community with many Marinas near by who are Customers. This Property can be upgraded to a small strip Center. There was a large addition put on this Building, for storage and more "Work Tables" -- Large Parking lot could be used for Boat Storage.

Market Competition and Expansion:

The owner has no concerns about Competitors, her Prices are higher because she is selective on the jobs she gets, and she must have a good mark-up or she does not take the job. Her Techs are highly skilled and been with her for many years. The lead shop-Manager has the ability to train & Supervise a growing staff.

Reason for Selling:

Retiring

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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