Supplier of Marine Tools & Equipment

Not Disclosed, FL


Asking Price: Annual Revenue:
Not Disclosed $9,772,000

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


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RE: Supplier of Marine Tools & Equipment Broker: Janet Scherr

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $9,772,000
Net Profit: Not Disclosed
Cash Flow: $1,698,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1988
Employees: Not Disclosed
BBN Listing #: 877727342
Broker Reference #: MarineEquip

Email or Print Listing

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Business Overview:

The Company specializes in products for the cruise industry and is considered a “Preferred Vendor” among major cruise line clients. The Company provides essential tools – technical consumables – for ship building and maintenance requirements. While the majority of its revenue is from cruise lines, customer types also include commercial tankers, container lines and shipping companies. Thousands of products such as metric fittings, tubing, abrasives, pneumatic tools and cutting tools are stocked and readily available to customers.

Located in Florida, the Company has been in business for nearly 35 years. The sellers will retire; a competent and trusted management team is in place.

Investment Highlights
• Steady recovery from the pandemic’s devastating effect on the cruise industry, as sales are currently exceeding pre-COVID levels
• Maintains competitive pricing agreements with major cruise lines
• Management team has decades of experience in the maritime, cruising and shipping industries

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Property Features and Assets:

Company is located in close proximity to major shipping ports.

Market Competition and Expansion:

The company has very limited competition. There is a significant opportunity in becoming more aggressive in diversification of product lines and enhancing the "inside sales" division.

Reason for Selling:

Retiring

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.

Relevant Links:

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