Help you Buy or Sell a Business / Franchise in Florida

Manufacturing Yacht Products Tampa Bay

 

Info on the Yacht Products Manufacturing Business is pasted below.Please feel free to call me with any questions Vince LoCricchio 813 400-3030

Listing No: BBF-894071412

 

 

Category

:

 Manufacturing

SIC

:

 5551

 

Detail

:

 Mfg-Marine Products

Price

:

 499,000

 

County

:

 Pinellas

Down

:

 68,825

 

State/Prov

:

 Florida

Adj Net

:

 200,397

 

Country

:

 USA

Sales

:

 639,957

 

30 years established Manufacturer of Nets / Marine Products. Business designs, manufactures Nets, Trampolines for high end Yachts, Resorts, Commercial and Residential uses. Low Materials cost, growing without any marketing or sales. Buyer should be familiar with CAD, Technical Drawing, Yachts. Down Payment reflects Bank Financing for qualified buyer.


Reason for Sale

:

 Retirement

General Location

:

 Mid to South Pinellas County

Organization Type

:

 Corp 'Sub S'     Hours Owner Works: 40

 

:

Years Established: 30  Years Owned:  30  Emp FT:  4  Emp PT:  0  Mgrs:  0

Non Compete

:

 Miles:  50  Years:  3  Weeks Training:  2  Cost:   $0

Operating dys/hrs

:

 8:30 am - 4:30 pm Mon-Fri

Skills/Licenses

:

 experience w/ CAD, Technical Drawing, Yachts

Business

:

 Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Quailify For Visa: Y


Data Source

P/L Statement

Tax Return

Tax Return

 

Year (Cash Flow)

2016 (N)

2015 (N)

2014 (N)

 

Gross Revenue

639,957

542,174

542,923

 

Cost of Goods

150,708

131,356

130,177

 

Gross Profit

489,249

410,818

412,746

 

Expenses

372,507

344,030

368,349

 

Net

116,742

66,788

44,397

 

Owner Salary

97,100

94,753

94,599

 

Benefits

16,055

17,338

20,533

 

Interest Expense

403

664

572

 

Depreciation

97

158

418

 

Other

-30,000

-25,000

-20,000

 

Owner Benefit

200,397

154,701

140,519

 

Accounts Rec

0

N*

Real Estate

0

N*

Inventory

70,000

Y*

___________

0

N*

F F & E

60,000

Y*

Total Assets

150,000

Y*

Leasehold

20,000

Y*

     

*Included?

         

Lease/Month: 2814.76

Square Footage: 5000

Building Type: Industrial

 

Terms & Options: Available

Expiration Date: 12/31/2017


Loan/Bank SBA

- Amt: 

430,175  Mos:

108  Rate:

8.00  Mo Pmt:

5,600.33

 

VINCENZO LOCRICCHIO

Office

:

 (813) 579-4920

 

BROKER/ASSOC

Fax

:

 (813) 862-2725

 

TRANSWORLD BUSINESS ADVISORS TAMPA

Cell

:

 (813) 690-0109

 

 

400 CARILLON PARKWAY SUITE 110

       

SAINT PETERSBURG, FLORIDA 33716

Email

:

 vincelocricchio@tworld.com

 

 

The seller provides all data and financial information on the businesses for sale for informational purposes only. The broker does not warrant the above information and implores the buyer to seek the professional advice of a CPA and an Attorney when purchasing any business. Vincenzo LoCricchio P.A. & Transworld Business Brokers are transaction brokers providing a limited form of representation to a buyer, a seller, or both in a real estate transaction but do not represent either in a fiduciary capacity or as a single agent.

 


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