Please ensure Javascript is enabled for purposes of website accessibility A Spectacular Marine Construction Business! | Thomas R Milana, P.A. CBI | Transworld Business Advisors

A Spectacular Marine Construction Business!

Listing Number: 0101-212231

Description

A spectacular marine construction business, established in 2004. There is never a boring day with this company; over the years they developed and mastered a specialized niche in the marine construction and commercial diving field, providing cutting-edge and innovative solutions. They established a system that enabled them to become an authority and are the most recommended and contacted company in the field of underwater seawalls, docks, pier inspections, restoration and protection for south Florida and the Caribbean. These inspections lead to work agreements, construction, and diving contracts. They build breath-taking docks, restore seawalls, wrap pilings, create new organic looks for shoring and embankments, install retaining walls and construct environmental seawalls which promote balanced conditions for the strength of both seawalls and marine life. They also provide underwater diving services for specialty projects such as artificial reefs, salvage work for cruise lines after storms, maintain seawalls and piers in the Caribbeans, and underwater structures. They have a strong office team that provides excellent customer service and supports the field teams. The construction and diving teams are well trained and are ready for any challenge, they are reliable and have worked with the company for many years. They are well compensated and provided with health insurance and 401k programs. The company is hosting parties, fun days, and training to keep the staff engaged and keep the family feel within the company. The owner is selling due to a health situation that made him decide to change his path in life. Sea wall inspection is a growing field. There are endless amounts of waterfront properties and seawalls in Florida, most will need to be elevated, restored, or replaced. The importance of maintaining a strong seawall is becoming essential for the Florida lifestyle, sea-level rise, hurricanes, and the impact of the intense hydraulic pressure due to rains becoming common. There are very few companies that provide professional, in-water seawall inspections. For any sale of waterfront property, there should be an assessment of seawall conditions. Besides the growing needs, they are cooperating with some of the largest marine construction companies in south Florida. The owner is willing to stay on board and is looking to find the right buyer that will understand the potential of the market and will be willing to invest in his teams and grow with them. In addition, they are approved to construct an artificial reef and sculpture garden in the Bahamas, this project was postponed due to the slowdown in the cruise industry. It is currently in their pipeline and will start once cruise ships are back into their full schedules. Once this stunning project is completed. There will be a potential to create many more. $360,000 of FF&E and leasehold improvement is included with the sale. Real estate available for additional $250,000.

Listing Details

  • Price: $2,950,000
  • Down Payment: $950,000
  • Sellers Discretionary Earnings: $830,805
  • Total Sales: $1,990,485
  • Location: Broward County, Florida

  • Inventory: $0
  • FF&E: $300,000
  • Employees: 12
  • Year Established: 2004
  • Reason for Selling: Retiring
  • Category: Construction
A Spectacular Marine Construction Business!

Contact Agent:

Thomas R Milana, P.A. CBI
Want to save this listing? Sign Up Now