35+ Year Midwest Marine Sales & Service Company - $2.6M Rev

Name: 35+ Year Midwest Marine Sales & Service Company - $2.6M Rev
Brand: Transworld Business Advisors
Price: 2900000 USD
Availability: InStock

Listing Number: 3953-641619

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Listing Details

Price: $2,900,000

Location: Indiana

Down Payment: --
Sales: $2,627,000
Seller's Discretionary Earnings: $475,000
Inventory: $825,000
Furniture, Fixtures, and Equipment: $335,000
Employees: 15
Year Established: 1989
Reason for Selling: Retirement

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For More Information About This Listing

Rusty Fitzpatrick

[email protected]

License # SL3173263

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Listing Agent: Michael Berry

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Business Description

Established family-owned business offering a full range of marine services, with a focus on piers, docks and lifts. Services include sales, installation, service, removal and storage. They have built a widely trusted, strong community presence and have developed it into a thriving and profitable business with a three-year track record of growth across both the top and bottom lines. The company boasts an impressive 19% three-year average Adjusted EBITDA. All while establishing a business that has historically averaged 45% of revenue as service-based revenue and 55% of revenue as sales. A healthy balance of repeat business and new business. Primed for immediate growth for new owner with increased manpower.

Real Estate available via separate transaction.