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Established Custom Marine Canvas Company


Category :  Marine Related SIC :  2394  
Detail :  Marine Canvas Products Price :  400,000  
County :  Lee Down :  400,000  
State/Prov :  Florida Disc Earn :  159,447  
Country :  USA Sales :  574,674  

The business is a well-established custom canvas business located in the SWFL area for 20 plus years. This business specializes in creating high-quality, custom canvas coverings for all marine and patio needs. Their coverings are tailored to specific dimensions, ensuring a perfect fit and they utilize specialized bonding attachments to ensure proficiency. Their success has been solely supported by repeat customer and word of mouth, which have proven to be the most profitable and successful for the company so far.  The company is operated seasonally and is primed for the new owner to operate year-round. There is opportunity for growth should the new owner implement efficiencies within operations, a marketing plan and experienced salesperson.

Reason for Sale :  Retirement & Relocation
General Location :  SWFL
Organization Type :  Corp 'Sub S'     Hours Owner Works: 40
  : Years Established: 35  Years Owned:  35  Emp FT:  0  Emp PT:  3  Mgrs:  0
Non Compete :  Miles:  2  Years:  250  Weeks Training:  4  Cost:   $0
Operating dys/hrs :  Monday-Friday 7:00 am to 3:00pm- ** Seasonal: October to May**
Skills/Licenses :  Florida Certified Specialty Contractor License (Awning)
Business :  Is Relocatable: N    Is Home Based: N    Is a Franchise: N    Is Lender P/Q: N    Should Qualify For Visa: N

Data Source Tax Return Tax Return    
Year (Cash Flow) 2022 (N) 2021 (N) (N)  
Gross Revenue 574,674 589,432 0  
Cost of Goods 77,151 99,408 0  
Gross Profit 497,523 490,024 0  
Expenses 430,585 475,924 0  
Net 66,938 14,100 0  
Owner Salary 99,288 107,816 0  
Benefits -8,857 -16,176 0  
Interest Expense 0 0 0  
Depreciation 2,078 2,861 0  
Other 0 0 0  
Discretionary Earnings 159,447 108,601 0  

Accounts Rec 0 N* Real Estate 0 N*
Inventory 72,361 Y* ___________ 0 N*
F F & E 44,180 Y* Total Assets 116,541 Y*
Leasehold 0 N*
*Included?  

Lease/Month: 6000 Square Footage: 6000 Building Type: Office/Shop/Warehouse
Terms & Options: Negotiable Expiration Date:


JASON BROOKS Office :  (239) 849-9334  
ASSOCIATE Fax :    
  Home :    
SUNBELT BUSINESS BROKERS NAPLES & FT MYERS Cell :  (239) 357-7073  
2640 GOLDEN GATE PARKWAY, SUITE 204        
NAPLES, FLORIDA 34105 Email :  [email protected]  
USA Home Page :  sunbeltofflorida.com

 



Listed By: Jason Brooks

Background information

Reference:

53194

Finance

Sales:

$574,674

Profits:

$139,109

Profit type:

Discretionary Earnings

Price and terms

Price:

$400,000

Down payment:

$400,000