Marine Supply Co specializing in Nautical Charts, Books, Software

Towson, MD
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Asking Price:$1,700,000
Gross Revenue:$1,650,000
Cash Flow:$695,000
Established Year:1986
BUSINESS DESCRIPTION

This company is one of the oldest heritage Marine Nautical Sales Companies in the US operating since 1957. They stock a worldwide selection of nautical charts (electronic & paper), books, navigation software and marine supplies. Since 1987 they have been a supplier of current worldwide charts as well as publications of the U.K. Hydrographic Office (British Admiralty). In 1999 they were granted “International Admiralty Chart Agent" status by the U.K.H.O. Importantly it is also an ISO 9001 Registered Firm. Located in the Mid Atlantic United States, this business is well located in a very busy port with a fully dedicated staff.
As one of the largest nautical chart agents in the United States the company has in stock a worldwide selection of Nautical Charts - British Admiralty, OceanGrafix, NOAA print on demand charts, Canadian Hydrographic Service to name a few.
NAICS Code: 453998
Charts are not their only business, and they proudly offer: Electronic Charts, Cruising Guides, Study Guides, Plotting Instruments, Logbooks, Chart Books, Safety Signage, Navigation Lights, Code of Federal Regulations (CFR), British Admiralty (UKHO), International Maritime Organization (IMO), Weather Instruments, Vessel Chart Portfolio Services, Navigation Equipment, Flags, Navigation Publications, Marine Technical Publications, and Compass repair. We ship Worldwide.
The Seller will provide adequate transition and training to the new owner. The ideal buyer for this business will have familiarity with, and five years’ experience that is industry related. A favorable lease conveys with the sale. A signed Non-Disclosure and Proof of Financing will be required to review the business details. This business has been reviewed for SBA financing.


DETAILED INFORMATION
Location
Towson, MD
Inventory
Not Included in asking price
Real Estate
Leased
Employees
6
Competition
Unique business with little competition
Financing
All financial reports are up to date and all taxes are current
Support & Training
Owner will provide a month of training to ensure a smooth transition
Reason for Selling
Retirement
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Susan
Wiley
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Susan Wiley