Celebrated High Performance Offshore Sport / Work Boat Manufacturer!

Los Angeles, CA

Seller Financing Available

Representative Photo
Asking Price:$1,295,000
Gross Revenue:$1,326,255
EBITDA:$2,171
Cash Flow:$129,556
Rent:$6,805
Established Year:1966
BUSINESS DESCRIPTION

This celebrated Southern California based high performance sport and work boat manufacturer boasts nearly 60 years of goodwill. The second-generation family-owned company’s watercrafts, which are between 20 and 42 feet in length, are fixtures in the professional diving, fishing, surfing, research, patrol and sheriff departments due to their durability and ability to remain highly stable in heavy swells. As a result of their utility and functionality, these vessels are ever present in offshore waters from Alaska to Mexico and Hawaii. The company sells direct to the consumer and regularly maintains a 1-2 year deposit-based waitlist.


DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Real Estate
Leased
Employees
12
Facilities
This business operates out of a production yard with an office, and several enclosed materials rooms and work sheds. The office and yard lease for $6,805 per month on a secure lease with options to be negotiated. All of the company’s furniture, fixtures, equipment and goodwill be included in the sale. The seller will agree to work for a reasonable transition prior, and may consider remaining the ‘face’ of the company for an agreed upon period depending on the overall offer and terms.
Competition
While the commercial boating industry is a competitive one, few manufacturers could hope to have the name recognition and respect that this company has established in its vessels. In fact, despite being build constructed and marketed for their functionality, the company has seen a dramatic increase in well healed leisure boat clients that appreciate the boat’s durability and performance characteristics in the large swells near the Channel Islands, Alaska and Hawaii. Needless to say, few category competitors can claim to possess comparable hull designs,
Growth & Expansion
New management may take this legendary company, which is the epitome of a mom-and-pop lifestyle business, in any number of directions to realize its significant growth potential. To begin, the company has operated at near capacity for its entire existence. In fact, customers anticipate a 1-2 year waitlist, and know they can only order limited units at a time due to customer demand coupled with the production yard’s limitations. Historically, they can only accommodate 12 to 24 boats per year based on order sizes (they can do 2-20’ boats per month.
Financing
Seller may consider a small, secured carry to a credit-worthy buyer with sufficient e
Support & Training
Seller will train for 35hrs/week, and the spouse for25hrs/wee, or as negotiated.
Reason for Selling
Personal
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Ryan
Clark
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Ryan Clark