GOLETA, California
| Asking Price |
$1,295,000 |
Year Established |
1966 |
|
| Annual Revenue |
$1,326,255 |
Reason for Selling |
Personal |
|
| Annual P/L |
$2,171 |
Attention |
Ryan Clark |
|
| Annual Cash Flow |
$129,556 |
Listing Number |
937340 |
|
| # of Employees |
12 |
Business Category |
Automotive & Boats: Boat Storage and Marinas |
|
Business Overview:
This celebrated Southern California based high performance sport and work boat manufacturer boasts nearly 60 years of goodwill. The second-generation family-owned company’s watercrafts, which are between 20 and 42 feet in length, are fixtures in the professional diving, fishing, surfing, research, patrol and sheriff departments due to their durability and ability to remain highly stable in heavy swells. As a result of their utility and functionality, these vessels are ever present in offshore waters from Alaska to Mexico and Hawaii. The company sells direct to the consumer and regularly maintains a 1-2 year deposit-based waitlist.
Property Features and Assets:
<p>This business operates out of a production yard with an office, and several enclosed materials rooms and work sheds. The office and yard lease for $6,805 per month on a secure lease with options to be negotiated. All of the company’s furniture, fixtures, equipment and goodwill be included in the sale. The seller will agree to work for a reasonable transition prior, and may consider remaining the ‘face’ of the company for an agreed upon period depending on the overall offer and terms.</p>
Market Competition and Expansion:
<p>While the commercial boating industry is a competitive one, few manufacturers could hope to have the name recognition and respect that this company has established in its vessels. In fact, despite being build constructed and marketed for their functionality, the company has seen a dramatic increase in well healed leisure boat clients that appreciate the boat’s durability and performance characteristics in the large swells near the Channel Islands, Alaska and Hawaii. Needless to say, few category competitors can claim to possess comparable hull designs, craftsmanship or customized options that allow this firm to attract leisure boaters to their commercial crafts with few amenities!</p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity