A well-established marine services business located in the Portsmouth area is now available for sale due to the owner's retirement. With over 20 years of successful operation, the business is based in a marina and benefits from full boatyard facilities. The asking price is £60,000 plus stock at valuation, with flexibility for negotiation.
Financially, the business is consistently profitable, generating an annual turnover in the range of £280,000 to £320,000. It maintains excellent accounting records and historical financial information. The operation is multifaceted, offering varied revenue streams and engaging work, including marine engineering, rigging, maintenance and chandlery and it enjoys a strong current order book with ongoing projects from neighbouring businesses.
The business has cultivated excellent trade relationships with suppliers and holds profitable dealership agreements. It also boasts a large and loyal customer base, supported by well-maintained records and a strong reputation within the marine industry.
This opportunity is best suited to an owner-operator looking to step into a thriving business with solid foundations and growth potential, or an existing business seeking such an acquisition. The seller is open to negotiation on price and stock, and will provide training to ensure a smooth transition of ownership.
