Business For Sale Listing 142069
Naval Research Vessel Support & Maintenance
Status as of Nov-21-2008 at 06:02 PM: Active
Business Summary
Our firm currently represents a profitable and well-established marine services contractor specializing in the operation, maintenance and repair of government-owned research and training vessels, range craft, experimental craft and service craft. Boasts an approximately 65% share of the niche market in which it operates. Since 2005, revenues have grown at a CAGR of 37.5% to top $24.4 million in 2007, with EBITDA of $852,000. Backlog of nearly $52 MM will continue to generate revenue over the next five years, while the company continues the bid process for new contracts. Operates as a federal prime contractor to large governmental agencies, with an average contract win rate of 50% or better. Certified under the International Safety Management (ISM) code, holds facility security clearance, and utilizes government-approved accounting and property control systems. Long-standing relationships with various federal entities and a 90% rate of repeat business are a testament to the company’s expertise and high level of client-satisfaction. Geographic revenue split varies from year to year, but 2007 saw approximately 61.9% of revenue generated in the Southeast/Gulf market, followed by the Mid-Atlantic at 28.8% and the Northeast at 9.3%. Staff of 150 FT and 20 PT employees is populated by mariners who obligatorily meet the requirements of STCW 95; the company’s strong management team is also expected to continue post-acquisition
Categories
| Industry: |
Other Businesses For Sale |
|---|---|
| Location: |
Southeast States Businesses For Sale United States Businesses For Sale |
| Other: |
Middle Market Businesses For Sale Relocatable Businesses For Sale |
Industry
| Sector: | Other Industries |
|---|---|
| Industry: | Not Disclosed |
Location
| Classification: | United States // Southeast States |
|---|
Financials
| Sales: | Between $10 Million And $25 Million (24,400,000) |
|---|---|
| Profits: | Between $500 Thousand and $1 Million (852,000) |
| Profit Type: | Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Asking Price: | Not Disclosed |
