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Businesses For Sale > Business For Sale in Puget Sound, Washington (WA)

Marine Propeller Distribution & Service

Puget Sound, Washington (WA)

Asking Price: Gross: Cash Flow:
$6,700,000 $2,674,831 Undisclosed

Real Estate:
$2,400,000 (included in the asking price)

Business Summary:
Since 1947, this wholesale distributor and certified propeller repair facility has sold and serviced a variety of propeller styles for both high-end boat enthusiasts and commercial vessel owners. Within their 40,500 square foot state-of-the-art propeller facility in Tacoma and 3,200 square foot building in Seattle, they stock everything they sell online and are committed to ship 99% of their online sales in one business day. Their commitment to providing the best quality products at the lowest cost from one of the most complete propeller inventories in the United States has yielded consistent profits from online sales. A leader in propeller repair and modification, their reputation for quality workmanship, consistent results and timely delivery has positioned them for continued success in the marine propeller industry.

 

   
Year Business was Established: 1947
   
Facilities / Terms of Lease: SEATTLE SITE: 2 drive-in freight loading areas, Includes cell tower lease ($100,000/annual revenue), 7,875 square foot lot, 3,200 square foot building composed of warehouse and rack storage, 12 free surface parking spaces (approx. 7:1000 SF), Concrete block masonry, IG2 U/65 Zoning, Asking price: $900,000*. TACOMA SITE: State-of-the-art propeller facility, 40,500 square foot lot, General warehouse and office 11,984 square feet, Metal construction, UCX-TD Zoning, Asking price: $1,500,000*. *Properties and business may not be sold Separately.  
   
Potential Growth/Expansion: This is an excellent opportunity to acquire an established marine propeller business and real estate for a variety of interested buyers: other marine industry businesses wanting to expand their current business, international corporations seeking a solid new business and real estate for their portfolio, or entrepreneurs who are looking for a business that has a solid customer base with large growth opportunities.  
   
Owner willing to finance: Partial seller financing is available.  
   
Owner willing to train: Seller will educate the new owner on how to operate the business for 90 days. Current Staff will also be available after stage transition.  
   
Seller Reference Number: bm1728965431
BusinessMart.com Listing Number: 35665
 

 

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For more info contact:

George McAfee

Colliers International
206 624 7412

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