Custom Marine Canvas Company

Listing Number: 2301-378788

Description

40 years of providing professional quality canvas and upholstery services including marine tops, cushions, covers & interiors, Commercial & Residential Awnings, Equinox Louvered Roof Systems, Patio & Deck Enclosures, Stationary and Retractable canvas awnings & shade systems, RV Interiors, Golf Cart seating & covers. Quality is second to none always meeting the customer's goals. Seller motivated to retire after all the years of hard work but will stay on for an extended transition period. Rent is normalized to reflect what will be charged per annum. 2019 Financials Annualized based on P&L 6/30/19 results. Large influx of work due to Hurricane Michael in October 2018 that will sustain the pipeline of work for several years to come.

Listing Details

  • Price: $1,499,000
  • Down Payment: $299,800
  • Sellers Discretionary Earnings: $818,576
  • Total Sales: $1,592,232
  • Location: Bay County, Florida

  • Inventory: $25,000
  • FF&E: $53,033
  • Employees: 11
  • Year Established: 1978
  • Reason for Selling: Retirement
  • Category: Marine Related
Custom Marine Canvas Company

Business Listed By:

Anthony F. Geronimo