Past Project

Coastal Marine Engine

Coastal Marine Engine


4300 11th Ave NW Seattle, WA 98103 US

(*) Included in Asking Price   |   (**) Not Included in Asking Price

Transaction Details
Purchase Date
2011
Transaction Type
Buy/Sell Transaction
Buyer
Roy Bennion

Case Study


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 effeciency.

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.