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Listing ID: 3174106

Marine Surveying Practice For Sale

British Columbia, Canada

CA$ 799,000

(Furniture / Fixtures included)

Revenue: CA$ 526,000

Cash Flow: CA$ 343,000

Business Description

Covering the Pacific North West, the business is involved in performing marine surveys, providing consulting, and other related services of commercial vessels, pleasure craft vessels, and marine structures. The company has provided its services to clients as far as Asia, the east coast of North America, and in Africa.

The business’ clients include individual boat owners, yacht owners, law firms, insurance companies, and governments. The simple efficient business model, stellar reputation, and a 70% repeat and referral clientele makes it a consistently profitable service business enterprise without the need for capital re-investment within the business.

This is a desirable, well-recognized, and respected service provider in the industry. The vendor is looking to slow down the involvement of the business in exchange for a semi-retirement lifestyle while being prepared to remain involved in the business to ensure the proper transfer of all relationships and to a lesser extent beyond such transfer.

The ideal purchaser could be a synergistic or strategic acquirer, or an individual looking to enter the field with ‘built-in’ mentoring and guidance.

Type of Sale:‌ Share Sale

Inclusions in Asking Price:‌ Operational Balance Sheet Inclusive of Furniture, Fixtures, and Equipment; Goodwill; and Normal Net Working Capital of $72,000

Business Asking Price:‌ $799,000

Price Justification:
- 3-Year Weighted SDE:‌ 2.34
- Most Recent Year SDE:‌ 2.33
- Proj. SDE‌ Multiple Based on Status Quo:‌ 2.29
- 3-Year Weighted EBITDA:‌ 3.20
- Most Recent Year EBITDA: 3.19
- Proj. EBITDA‌ Multiple Based on Status Quo: 3.13
- Weighted = (2018 @ 20%; 2019 @ 75%; and 2020 @ 5%) the reflected asking price

Property Details

Years Established:

Over 30 Years

Other Details

Competition:

There are a few known competitors.

Expansion Potential:

Growth opportunities and expansion potential available in a confidential summary, please contact us for more information.

Operation Details

Support & Training:

Vendor willing to assist in smooth business transition.

Relocatable:

Business Relocatable

Miscellaneous

Reason For Selling:

Vendor looking to slow down involvement in the business in exchange for semi-retirement lifestyle.

Contact this seller

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