Marine Surveying Practice

Not Disclosed, British Columbia

Pacific Northwest


Asking Price: Annual Revenue:
$799,000 $526,000

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


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RE: Marine Surveying Practice Broker: Pino Bacinello

Quick Facts

Asking Price: $799,000
Annual Revenue: $526,000
Net Profit: Not Disclosed
Cash Flow: $251,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Over 30 Years
Employees: Not Disclosed
BBN Listing #: 502012151
Broker Reference #: VANCOBC002-N510

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Business Overview:

Covering the Pacific North West, the business is involved in performing marine surveys, providing consulting, and other related services of commercial vessels, pleasure craft vessels, and marine structures. The company has provided its services to clients as far as Asia, the east coast of North America, and in Africa.

The business’ clients include individual boat owners, yacht owners, law firms, insurance companies, and governments. The simple efficient business model, stellar reputation, and a 70% repeat and referral clientele makes it a consistently profitable service business enterprise without the need for capital re-investment within the business.

This is a desirable, well-recognized, and respected service provider in the industry. The vendor is looking to slow down the involvement of the business in exchange for a semi-retirement lifestyle while being prepared to remain involved in the business to ensure the proper transfer of all relationships and to a lesser extent beyond such transfer.

The ideal purchaser could be a synergistic or strategic acquirer, or an individual looking to enter the field with ‘built-in’ mentoring and guidance.

Type of Sale:? Share Sale

Inclusions in Asking Price:? Operational Balance Sheet Inclusive of Furniture, Fixtures, and Equipment; Goodwill; and Normal Net Working Capital of $72,000

Business Asking Price:? $799,000

Price Justification:
- 3-Year Weighted SDE:? 2.34
- Most Recent Year SDE:? 2.33
- Proj. SDE? Multiple Based on Status Quo:? 2.29
- 3-Year Weighted EBITDA:? 3.20
- Most Recent Year EBITDA: 3.19
- Proj. EBITDA? Multiple Based on Status Quo: 3.13
- Weighted = (2018 @ 20%; 2019 @ 75%; and 2020 @ 5%) the reflected asking price

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Market Competition and Expansion:

Growth opportunities and expansion potential available in a confidential summary, please contact us for more information.

Reason for Selling:

Semi-Retirement

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.

Documents:

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