Wholesaler of Marine/Industrial Engines/Generators, A/C Units, Bow Thrusters For Sale

Business description

The Company is a wholesale merchant who sells and services marine and industrial engines, generators, air conditioner units, and bow thrusters in the state of Florida. The Company has a showroom and provides dockside service, as well as the ability to order all parts and equipment online at their website.

The customer base consists of individuals, as well as marinas. In 2007, sales were driven by individual local sales (25%), marinas (25%), Internet (25%), and service (25%). In 2007, service related calls accounted for 60% of sales, generators added 20%, engines 10%, air conditioner units 5%, and other products 5%.

The Company operates out of three buildings, totaling 6,300 square feet, which feature office space, shop, and storage. The building is expected to provide ample capacity to accommodate substantial growth. The Company’s staff totals eight full-time personnel, in addition to the principal.

• Sales increased from $1,576,000 in 2005 to $1,895,000 in 2007 representing a Compound Annual Growth Rate (“CAGR”) of 9.7%. Management cites the increase occurred due to an increase in repeat customers, an employee incentive program, and more available products

• As a percentage, AC Power Plus achieved improving Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) margins. From 2005 to 2007, EBITDA rose from 1.7% to 6.0%

• The Company represents many of the leading manufacturers in the industry, which enables it meet the high-end needs of its clients

• The principal has enjoyed building an innovative organization. At this time, the principal would like to seek personal interests, as well as find a suitable acquirer that can guide the Company to reach its full potential. The principal is agreeable to working with new ownership post transaction to ensure a smooth transition and business continuity

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