Overview:
This high-quality boat manufacturer is an industry leader in a niche marketplace. This business offers its models nationally & internationally with a strong focus in the greater Southeast United States. This premier full fabrication, boat manufacturer and retailer business manufactures and sells custom and retail ready models that fit the specifications needed and expected by consumers in the business’s market. This business has seen significant growth through its release of various new models over the years and has seen the volume of boat sales increase year over year. This business has a strong social media presence and a loyal consumer base. The business has strong management in place that oversees the tenured and expert production staff. Owners have been removing themselves from day-to-day operations and are looking for a purchaser that can take the business to the next level.
Strengths:
Real Estate:
The business owns the 50,000+ square feet facility where the business operates and is headquartered. The business currently utilizes and operates in a 21,575 sq feet production and office space and the remaining area in a sperate building is leased to an unrelated third party. There is ample room to grow and develop more buildings on the 6+ acre property. The current production and office space will be offered for lease from owner at favorable terms. The above cash flow has been reduced to accommodate all cost associated with leasing this space. In addition, the Land & Building can be purchased with the sale of the business. This would credit the cost of the lease in the above cash flow; as well as generate another stream of cash flow from the facility that is leased from an unrelated third party, to allow purchaser to pay the loan for the land & building. The purchase price of the business does not include the Land & Building. The Land and Building is being offered for an additional $3,700,000.
Please contract Christian Aunspaugh for more information at [email protected] or (727) 519-5755.
Christian is a dual degree graduate from Florida State University in which he majored in Finance and Real Estate. Christian has also obtained his commercial real estate license.
Christians career includes working for a privately held company that was acquired by a publicly traded fortune 100 company while he was working with the finance team. Here he was exposed to the rigors of a large multinational corporations Corporate and SOCS Compliance regulations. He also worked closely with international contract negotiations, pricing, and worked heavily within purchasing.
Christian then advanced to a management position with the largest privately held and industry leading accounting & finance recruiting firm. He managed a team dedicated to meeting the needs of businesses across central Florida. Working closely with Executive Leadership teams of small to large businesses on mitigating risk, negotiating agreements, contracting billing and rates, handling payroll, workers compensations, labor costs, risk management, and employee welfare has provided Christian with the skill set that he utilizes to this day.
Christian realized that by providing his clients operational cost controls and clarity to make solid decisions resulted in positive impacts for each businesses earnings and ultimately their businesses enterprise value. This insight originally launched Christian into a Senior Advisor position within the Viking Mergers & Acquisitions team. Christian’s advancement within the firm has led him to his current role as Partner. His experience here at Viking includes facilitating transactions from inception to post closing and has facilitated transactions across various industries and enterprise values. Christian has found his true interest and has become dedicated to working with middle market businesses owners to further enhance their full cycle business operations and their development of financial progress which increases enterprise value providing for a more lucrative exit strategy.