Internal Ref: PKS12442RB
Summary
OPPORTUNITY LIKE NO OTHER BOAT BUILDING AT ITS BEST IT DOESN'T GET BETTER plus Own Your Private Boat Tax-Free At The Same Time This business offers it all high profits, design protection, and more
Revenue
$4,000,000 pa
Net Profit
$1,070,000 pa
Potential
The new owner will have no shortage of options for expanding this business, both locally and interstate.
As a result of the vendor's belief that their product (boat) is superior to their rivals, they believe their management style and customer-focused approach make it superior to the competition.
The business builds “forever boats” that its customers dream about. He also believes it has greater expansion potential because it can easily build on its excellent reputation for service, quality, and delivery to seize the opportunity to scale up.
Skills
This SYSTEMATIC PROCESS OF OPERATION requires the love of BOATS and some manufacturing experience would assist– As the current owner will provide all the assistance and training required for a new owner to take over.
Lease
New lease can be negotiated with 2 years left.
About the Business
Can You Imagine Being Able To Buy A Luxury Boat Building Company And Own Your Private Boat Tax-Free At The Same Time?
Well, Here Is Your Chance, As Well As All The Other Important Benefits That This Low-Risk Business Has To Offer Any Discerning Purchaser
>Simple to Operate
> High Level of referral
> No Sales Staff to Generate Sales of $4 m
> Locally & Nationally Accepted Design
One of the most sought-after brands in the boating industry, this company also has a reputation for being the best in design and having a high-profile name.
Because the business owns all the intellectual property rights to its design, this company has an advantage over many others in the boat building industry. As a result, no one else receives any royalties from the company's work.
Key Feature Snapshot
⇒ In spite of the Covid19 outbreak and the economic downturns, sales have been rising.
⇒ The fact that the brand has been around for 30 years shows that it can adapt to changing economic conditions.
⇒ Working capital is not a concern because all customers pay cash on delivery.
⇒ With sales expected to eclipse the last year 2020/21 by 30% or $1 million-plus for this financial.
⇒ With sales expected to eclipse the last year 2020/21 by 30% or $1 million-plus for this financial year.
⇒ An order book worth $7 million and ongoing quotations are driving a self-propelled sales growth.
⇒ Currently, efforts are being made to broaden the reach of Eastern States.
⇒ New Web Site just recently launched.
Key features over other businesses
• High Gross Profit margin
Self-propelled sales and a high gross profit margin of 42 percent are indicative of a business that is both solid and in a strong growth phase.
• Record year ahead
Sales are expected to grow by over 30 percent this financial year. Turnover will increase this current financial year to in excess of $4 million, purely through reputation and word of mouth.
• Strong forward orders and historical ongoing growth - no matter what the state of the economy
The business has continued to record increases in sales and gross profits and the fact that the order book has already over $7million in sales means the business growth isn’t dependent on external factors over which it has no control.
• Progress payments mean low working capital
Deposits collected up front plus progrees payments and the balance paid on delivery.
History
• Long established – over 30 years
The company has been supplying boats to the Perth market for more than 30 years, and demand has grown steadily throughout that time despite minimal marketing efforts. There is a lot of interest in the company's name and the variety of boat names it offers.
• Western Australia Boating industry already setting records post-pandemic
Industry analysts IBISWorld predict that the boat building industry is set to experience over at least the next five years.
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