UNDER CONTRACT - Marine Pontoon Manufacturer $2.77m Sales, $634k EBITDA

Established in 1987, $1.8m of forward orders, 10 highly experienced staff

Key Highlights:

Sales for 2024 financial year $2,770,318.00 with an EBITDA of $633,889.00

EBITDA calculated after paying owners wages of $167,388.00

This business has an excellent reputation for quality products sales & service.

Established in 1987 the business operates from an immaculate 2,280 m2 custom-built facility that is very well-positioned to supply, service, sell manufactured products, parts & accessories.

The demand for the businesses high-quality products is impressive having over 1.8 million dollars worth of forward orders & deposits taken as at the 1st oct 2024.

The business has 10 highly experienced staff members work a 5-day week some that have been with the business for 25 to 10 years and are proud to work for this well-known business.

All plant equipment, vessels & vehicles needed to operate are included in the sale.

Factory lease term until the 30th September 2027 with 2 x 5-year option periods.

Rent $7,333.00 Per month + Outgoings & GST.

The owners offer full support to a new owner before they enjoy their retirement.

The business has positioned itself within minutes of new waterfront developments that the owner says will increase sales for at least the next 20 years without additional developments being approved. Lots of upside in this already very profitable business.