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Power Boat Building Service For Sale - Riverside County, California

Ad/Listing Information
Contact Information
 
Status: Available
Location: Riverside County
County: Riverside
City: None Given
Contact Agent:  Alex Levitan
Primary Phone:  818-342-5222
Alternate Phone:  818-640-8080
DRE Number:  None Given
Email Address:  Email Advertiser
Date Started:  12/13/11
Date Last Revised:   12/13/11
BizBen Ad #:  150371
 
 
Financial Information Detailed Information
 
Price:      $950,000
Down:      Call/Email
Revenue:      Call/Email
Adj. Net:      Call/Email
Relocatable:      No
Home Based:      No
Real Estate Included:      No
Bkr To Bkr Coop:      Call
Franchise:      No
For Sale By Owner:      No
Asset Sale:      No
Lifestyle:      No

Description Of This Riverside County Power Boat Building Service Business For Sale:

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 (Agent) at 818-342-5222 or 818-640-8080  (Please Mention You Saw This Ad On BizBen) About This Power Boat Building Service Business Opportunity For Sale in Riverside County.


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