Very Profitable Marine Construction Company

Highlights:

– Business started over 10 years ago

– 12 W-2’s, no subs

– Owner does some admin and sales

– Asset value roughly $1,000,000

– No debt

– Several key people in the business

– Low capex because of new equipment and low maintenance.

– No customer concentration – builders, contractor, realtors, regular clients, gov’t jobs

– 70% new construction 30% repair

– 70% residential 30% commercial….75K average residential job, 300K-500K average commercial job

– Keeps very little inventory on hand

– 60-90 day transition period or seller may be open to staying around for sales

– Reason for the sale – Spending more time with family, semi-retiring

– Service area – within 1 hour residential, commercial over 300K and can travel anywhere

– Most of the projects take how long – residential: 2-5 days docks, seawalls: 2-6 weeks, commercial jobs: 3-4 weeks

– Types of projects – docks, seawalls, boathouses, boatlifts, engineering, permitting, marine construction, some carpentry, deck repairs, woodworking

– Tracking for $7,500,000 in 2026. Should net $2,500,000+.

– Business can do $15,000,000 – $20,000,000 easily each year and seller will show the buyer how to get there

– Does not do any bonded work

– Doesn’t have contracts with clients but can do contracts with maintenace as an add-on service pretty easily

– Backlog – 2 years on the books right now, 30 jobs going on at any giving time

– License – marine construction license or CBC or CGC

From Tax Return:
2025: Gross: $5,292,584
Addbacks:
Interest: $39,931
Depreciation: $873,120
Ordinary business income: $52,872
Additional Addbacks: $623,013
Adjusted net income for 2025: $1,588,936

From Tax Return:
2024: Gross: $3,876,439
Addbacks:
Compensation of officers: $25,480
Interest: $3,700
Depreciation: $145,189
Ordinary business income: $500,377
Additional Addbacks: Roughly $267,928 + an additional $250,000
Adjusted net income for 2024: $1,174,746

From Tax Return:
2023: Gross: $3,682,010
Addbacks:
Compensation of officers: $22,182
Interest: $5,939
Depreciation: $18,924
Ordinary business income: $359,447
Additional Addbacks: $544,478
Adjusted net income for 2023: $948,870