Marine Construction -Docks, Pilings, Site Work

Not Disclosed, MA

Not Disclosed.


Asking Price: Annual Revenue:
$1,480,000 $2,030,933

Services: Construction, Contractors


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RE: Marine Construction -Docks, Pilings, Site Work Broker: John Dirkmaat

Quick Facts

Asking Price: $1,480,000
Annual Revenue: $2,030,933
Net Profit: Not Disclosed
Cash Flow: $387,881
Total Debt: Not Disclosed
FF&E: $790,336
Real Estate: Not Disclosed
Year Established: 1999
Employees: 15
BBN Listing #: 6264955
Broker Reference #: 3004-14866

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Business Overview:

Established 20 years, Marine Construction company fabricates and installs private residential and commercial docks, piers, pilings, bulkheads, moorings and associated hardscape. Additionally it removes and stores, services and replaces floating docks seasonally. Capabilities include pile driving, helical anchors, carpentry, machine shop metal fabricating, mechanical repair, design and materials consulting. It maintains a fleet of work barges and boom equipment as well as serious heavy equipment and vehicles necessary to perform the work. Employs 15 persons. Three year revenue average $1,820,000. Revenue 2018, $2,031,000. Equivalent contracts-value in the pipeline for 2019 revenue projection.

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Property Features and Assets:

Seller owned 2,000 square feet materials fabrication shop and office on 1 acre yard for equipment and materials storage. Owner will offer reasonable rent terms and consideration may be given to selling the property. Total Assets Included: $790,336

Market Competition and Expansion:

Superior company reputation in the area. Continuous demand for services is driven by weather, materials depletion, project upgrades, homeowner turnover and new construction. There are other companies active in the space but there is more than enough work to sustain all. Consistent full pipeline of projects year after year. The business is one a just a few trying to meet demand in this space. It would benefit from updating office technology for project management i.e. estimating, project flow and billing. Substantial economies of scale could be achieved from an acquisition by an existing engineering firm. Currently the required engineering reviews are referred outside the company. Completing the loop in house could significantly improve profitability.

Reason for Selling:

Retirement.

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.

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