Marine Products Supplier Servicing Gulf Coast 31 Years For Sale

Business description

This marine products supplier, located in South East Texas, was established in 1965. They service the pleasure/fishing boat (motor and sail) repair industry on the Gulf Coast, adjacent states and the Western US. Local and regional customer deliveries are made with three company vehicles and more distant deliveries are sent by common carrier. The business serves both the wholesale and the retail trade. The wholesale customer base consists of more than 1200 repeat customers. The facility is organized into three areas, one to serve walk-in customers with a large product show room and two other areas as a stocking warehouse to fill the wholesale delivery orders. The marine products they stock have a current inventory cost value of approx. $750,000 and range from boatyard supplies, hardware, tools, plumbing items, safety gear, personal marine gear, and paint which can be mixed to order. The extensive product catalog has thousands of items from over 100 manufacturers/suppliers. Custom orders are their specialty. In addition to the catalog and website, the company puts on an annual trade show at their location. The staff has extensive product knowledge and most have worked at this business for many years. Sales price includes Buyer taking Accounts Receivable and assuming Accounts Payable which currently net out to $0.

Seller's Discretionary Earnings: $197,404 Actual

Property information

Real Estate:

Lease

Location:

9050SF freestanding facility in South Houston area

Other information

Expansion potential:

Expand retail trade via local advertising

Reasons for selling:

Retirement

Trading hours:

5 days, 8AM - 5PM

Owner financing:

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

Financing available:

Seller financing available

Furniture / Fixtures value:

$67,000 (included in the asking price)

Inventory / Stock value:

$650,000 (included in the asking price)

Related documents:

• 
• Business Profile