Marine Electrical Design, Service & Repair Company

Not Disclosed, WA
King County

Asking Price: Annual Revenue:
$5,800,000 $5,500,000

Automotive & Boats: Marine Repair, Retail, Parts & Service

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RE: Marine Electrical Design, Service & Repair Company Broker: Gregory Kovsky
Owner Financing is Available!
The seller will finance a portion of the transaction for a qualified buyer.

Quick Facts

Asking Price: $5,800,000
Annual Revenue: $5,500,000
Net Profit: Not Disclosed
Cash Flow: $2,500,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 35035781
Broker Reference #: ME2022

Email or Print Listing

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Business Overview:

This business is a marine oriented electrical design, service & contracting company with an established reputation for providing high quality, efficient service and superior, environment specific knowledge to container shipping companies, the fishing industry, and a range of general contractors & industrial companies serving the international marine economy. Revenue generated by the company is approximately 60% from new installations and 40% from repairs & maintenance, often on equipment they previously installed. The staff of the company has provided service to customers throughout North America and overseas. The business is sought after by both domestic & international companies to build and service custom switchgear builds, custom power, distribution, & control panels, motor controls, and starters. Most of the work is done on factory trawlers, container ships, roll-on/roll-off and industrial automation. Design and building of control panels is done in house. The company operates with a deep and diverse inventory including enclosures, junction boxes, relays, wire/cable, and a spectrum of IEC power control devices (MCP, contractors, control transformers, pilot devices, wire trays, wire ducts, and zip ties). Given the time sensitive nature of many repairs and the unique components needed, the business model does not favor a just in time inventory management system. The business is a UL508A Industrial Control Panel Shop and has the ability to apply the UL and C-UL electrical listing mark to their equipment.

The company is extremely well positioned for growth with demand for its services exceeding capacity and a stable management and production staff that can be retained post transaction. All key management are interested in signing employment contracts post sale. The company is seeking an individual or company to acquire it that has the knowledge and resources to help facilitate the growth that is available to the company. The sale is motivated by the recognition that internally they do not have the C-Suite management skill set to take the company to an eight figure revenue level.

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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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