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Industry Leader Dredging & Custom Dock Builder
North CarolinaListing DetailsOffice ID: DOCK1
Status: Active
Listing Broker: Joe Vagnone
Listing Price: $3,300,000
Gross Revenue: $2,952,000
Cash Flow: $671,000
FF&E: $2,161,000
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
The seller would consider some financing for the right, qualified buyer.
Reason for Sale:
Seller is retiring.
Training:
Seller would stay up to 1 year to train a new owner - salary would be negotiable.
OperationsYear Established: 1976
Form of Ownership: S Corp
Employees (full-time): 14
Employees (part-time): 1
Managers: 1
Business Hours: Monday – Friday, 7 am – 6pm
Summary
Business Description:
This owner-operated business is the industry leader in its market, located in the heart of one of the fastest growing areas in the USA. This 44-year-old business is the one-stop shop for area developers, municipalities and residential boaters. Current services include: • Marina & dock construction
• Bathymetric Computerized analysis of shoals
• Dredging for Industrial and Marine Clients of the Carolinas
• Regulatory permitting
• Design & construction services for high-end residential & commercial waterfronts Servicing the growing resort, marine and industrial markets of the Southeast, this business distinguishes itself on the value it brings to customers: creativity, innovation, honesty, and fairness, and stands out with experience in underwater mapping, only offered by a very few companies. This business is established and deeply rooted in the local community with decades in business, ideal for the innovative buyer that would want to live and work on the water in a booming market. More detailed information is available – please inquire today!

Historical Summary:
This company started out as a Heavy Industrial Maintenance Contractor, which specialized in providing heavy maintenance services to the industrial Southeast. The seller sold off part of the company assets in 1986, changed the company focus from construction & maintenance for regional industries, and concentrated on providing dredging and marine-related construction for the explosive waterfront development on the inland lakes of the Carolinas.

Owner Qualifications:
Basic understanding of the contracting business, some basic technical expertise – must understand contracting, construction, and possess a good sense of technology, basic computer skills, general business and leadership ability

Competition:
There are several small dock-building competitors in the local market, however, this business is the trend-setting market leader and provides the most complete compliment of services.  The company has been most successful selling on value rather than price.  Key to its success has been creativity, innovation, honesty and fairness.
Potential Growth:
The potential growth of this business is unlimited with great expansion potential.
LocationType of Location: Stand Alone
Monthly Rent: $2,800
Square Footage: 6000
Facilities:

The business is operated in a stand-alone building, with 6,000 SF of leased office & warehouse space.  Not included in the sale – but can be discussed with the seller:  The seller owns approximately 2.5 acres of the 5-acre property, currently occupied.


Last Updated: Aug 5, 2020 / 8:32 AM
Financial Information Current As Of: Aug 3, 2020 / 11:18 AM