Boat manufacturing-new product

Hugo, MN
Anoka County

No. suburb


Asking Price: Annual Revenue:
$150,000 $50,000

Manufacturing: Machinery


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RE: Boat manufacturing-new product Broker: Bob Griesgraber
License #: 102872

Quick Facts

Asking Price: $150,000
Annual Revenue: $50,000
Net Profit: $20,000
Cash Flow: $20,000
Total Debt: Not Disclosed
FF&E: $26,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 1
BBN Listing #: 495040231
Broker Reference #: 8408

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Business Overview:

Manufacturing-a boat that cleans lakes, streams and marinas -picks up debris and deposits on an onboard receptacle. New product-owner is an engineer-age 78 -has developed this product over the past three years; it is patented and this gentleman has created other patented marine products. This boat is designed as an environmental asset . The owner has sold a couple of boats and is ready to sell as he is finished a redesign, developed a web site and refined the process. Most of the manufacturing is sub contracted-the owner paints, assembles and ships. Boat costs about $20,000 to make. Two boats included in the sale as well as fixed assets and the patents.

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Property Features and Assets:

Need about 1,000 square feet - business will need to be moved.

Market Competition and Expansion:

No other product like this one on the market.

Reason for Selling:

Retirement

Additional Details:

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

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