Custom Boat Builder On Vancouver Island For Sale

Business description

No two boats are the same for this custom boat building business. If you have the technical aptitude and believe variety truly is the spice of life, this may be the business you’ve been looking for. Average 5-year revenue is $1.4 million, and based on the first 10 months of its 2011 fiscal year, this business has a projected Seller’s Discretionary Earnings of $148,000. Positioning itself as a small to mid-sized craft builder, the company has filled a market niche where the larger boat manufacturers have more difficulty competing. All elements for success are in place including the skilled staff, the tools, the know-how and the reputation for excellence. Almost all boats produced by this builder are headed for government or research organization buyers. After over 20 years in business and with a bright future ahead, the current owners are looking to smoothly turn over control to a buyer who shares their passion for building anything but a cookie cutter boat. Located on fabulous Vancouver Island on the West Coast of Canada, the purchaser of this business will have access to the very best of professional and personal life style options. For more information on this business opportunity, contact Wayne Anderson by responding to this posting.

Property information

Real Estate:

Lease

Lease terms:

Existing lease in place until 2019.

Leasehold rent:

$1,570 per annum

Premises details:

The shop and office facility consists of approximately 4,500 square feet of leased space located at a federal government dock on the West Coast of British Columbia, Canada. The existing lease allows the business to remain in the premises until 2019.

Size in square feet:

4,500

Business Operation

Competition / Market:

This boat builder designs and builds a high quality product that has never been the subject of a substantial warranty claim. It relies on its experience, track record and client relationships to ensure that it continues to work at full capacity. The company’s approach to dealing with competition is not to compete on the basis of price but rather to stress the qualitative advantages of its product and to rely on the long standing relationships it has fostered with government and institutions.

Reasons for selling:

Owners are preparing for retirement.

Trading hours:

8:00am to 4:30pm, Monday through Friday

Employees:

9 full-time

Years established:

since 1991

Other information

Support & training:

The current owners of the business are also prepared to remain involved in the business for a substantial period of time after sale to pass on their technical know-how to the buyer to ensure an orderly and smooth transition to new management.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Seller financing is negotiable as part of the transaction.

Furniture / Fixtures value:

$50,000 (included in the asking price)

Inventory / Stock value:

$20,000 (included in the asking price)