Power Boat Building In Los Angeles For Sale

Business description

Excellent Opportunity to invest in very unique and glamorous business-luxury powerboat building! This company was established over 25 years ago and under present ownership for almost 5 years. Slowing economy, certainly, affected this business; health issues are forcing the sale. 8,000 sf. facilities with generous lease, special equipment, spraying booth are included in sales price. Trained boat builders are on calls when order is placed, no need to run the payroll when you have a slow month. But the most important part of the sale is 6 molds for powerboats building. Each mold, including very intensive and professional labor and material worth about 150-200K. There are molds for 21’, 23’, 24, 25 ½’ and 28’ boats. These boats are really expensive. Prices for complete boats are in the range between $40,000 to $200,000 each. Profit margin for professionally run power boat construction is around 30%. Seller will gladly train potential buyer and coordinate his/her marketing efforts. There are 8 gorgeous boats as floor samples ready to be sold. Complete boats are not included in sales but wholesale price could be negotiated. Sales price is based on the discounted price for 6 molds, FF&E and goodwill. Past cash flow due to business slowdown is not even taken in consideration. Recent sales for 8 boats was just under $1000, 000 and owner’s discretionary earnings was in $300,000 range

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller, please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.

Call Alex Levitan, Sunbelt Broker (818)--------, or submit an NDA online. ---.---------.--- - CONFIDENTIALITY AGREEMENT-SUBMIT ONLINE-PREFERRED BROKER ALEX LEVITAN

Property information

Real Estate:

Lease

Premises details:

$N/A

Other information

Reasons for selling:

Retiring

Financing available:

Downpayment Required: $0

Furniture / Fixtures value:

$950,000 (included in the asking price)