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Transaction Details
Company Name: Coastal Marine Engine
Address: 4300 11th Ave NW Seattle, WA 98103 US
Company website: www.coastalmarineengine.com
Purchase date: 2011
Transaction type: Buy / Sell Transaction
Buyer: Roy Bennion
Description
Washington ranks sixth in the country with total retail boating expenditures of almost $600 million. There are more than 267,000 registered recreational boats in Washington alone. The Company sells marine engines, parts and repair services to a broad range of customers primarily in Pacific Northwest, Montana and Alaska. The Company's customers include dealers, marinas, boatyards, boat manufacturers and commercial/recreational vessel owners and operators.
Facilities
The Company's offices, showroom, parts inventory, storage and service bays are all located on premise. The facilities have been customized over the years to meet the exact needs of the business to maximize production efficiency.
Competition
The Company enjoys several exclusive and long-term arrangements giving them a unique position within the industry.
Growth and Expansion
Sellers believe growth can be achieved through increased sales & marketing (particularly online), potential expansion of the product line and the addition of other services.
Financing
Seller financing available as part of SBA lending requirements.
Reason for Selling
After three decades in the marine industry, this is part of a planned Retirement.
Support and Training
Owners are willing to provide as much support as needed to ensure the ongoing success of the company.
Next Steps
For more information, contact Roupp Acquisitions Inc at;
inquiry@rouppacquisitions.com or give us a call at 206.915.9635.
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