Marine Surveying Practice

marine consulting business for sale in pacific north west

Business Details

Company Profile

Listing ID: VANCOBC002-N510

Location: Pacific North West

Type of Entity: Corporation

NAICS: 541990

Industries: Marine Surveyor

Business Highlights

  • Sterling reputation
  • Niche growing industry
  • Stable cash flow
  • Stable history of profitability
  • Owner willing to assist in smooth business transition
  • Few qualified competitors
  • Known brand

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.

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

Type of Sale: Share Sale

Assets Include: Furniture, Fixtures, & Equipment / Goodwill / Normal Net Working Capital of $72,000

BUSINESS ASKING PRICE

$799,000

Normalized Financial Summary

YEARREVENUESSDEEBITDA
Proj. FYE 2020 $536,000 $350,000 $256,000
FYE 2019 $526,000 $343,000 $251,000
FYE 2018 $532,000 $335,000 $245,000
FYE 2017 $449,000 $261,000 $174,000
*EBITDA - Earnings Before Interest, Taxes, Depreciation, and Amortization
**SDE - Seller’s Discretionary Earnings
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