Business Summary:
Extremely successful, well established 25 year old diesel engine servicing company focuses on the marine and off shore oil drilling and production industries. Company has an excellent reputation in the oil patch. They do not work on vehicles. Company is a factory authorized marine engine dealer and services three major manufacturers of engines. Company has an extensive parts warehouse that contains a full line of replacement parts and new engines. Company ships parts worldwide and this is a good portion of their revenue stream and profits. Business has very solid financial statements that can be reviewed by qualified potential buyers.
Sale includes real estate (recently appraised) consisting of about 3.5 acres, multiple buildings located on a navigable waterway with 800 feet of bulk headed dock space. Extensive equipment utilized in the business includes a dynamometer, 2 shop overhead cranes, and dockside crane service up to 15 tons.
Company repairs, rebuilds, or replaces diesel engines in vessels or oil patch related equipment. Engines are replaced with rebuilt or new engines. Company works at their location or will dispatch service technicians worldwide to work on engines in place.
Seller is ready to retire. Seller will stay on for an extended period of time to train new owner and transition the business to include personal introductions to major customers. Businesses of this quality and profitability are hard to find. Come see it while it’s still available, meet the owner, make offer. Seller is open to substantive offers to which he will seriously consider and promptly respond. Seller will consider some seller financing for qualified buyer with a reasonable down payment.
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