Marine Surveying Practice

BC, CanadaAutomotiveBusinessNo longer listed

No longer listed

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Listing details

No longer listed As listed until it came off the market, kept for reference.

Asking price
$799,000 CAD
Revenue (TTM)
$526K CAD
Cash flow (SDE)
$251K CAD
Price multiple
3.2×

Figures in Canadian dollars, as reported by the seller while it was listed. What is SDE?

Highlights

  • Established in 1980

About this business

As the seller described it while it was listed.

Covering the Pacific North West, the business is involved in performing marine surveys, providing consulting, and other related services of commercial vessels, pleasure craft vessels, and marine structures. The company has provided its services to clients as far as Asia, the east coast of North America, and in Africa.

The business clients include individual boat owners, yacht owners, law firms, insurance companies, and governments. The simple efficient business model, stellar reputation, and a 70% repeat and referral clientele makes it a consistently profitable service business enterprise without the need for capital re-investment within the business.

This is a desirable, well-recognized, and respected service provider in the industry. The vendor is looking to slow down the involvement of the business in exchange for a semi-retirement lifestyle while being prepared to remain involved in the business to ensure the proper transfer of all relationships and to a lesser extent beyond such transfer.

The ideal purchaser could be a synergistic or strategic acquirer, or an individual looking to enter the field with built-in mentoring and guidance.

Business details

DetailInformation
Business modelTraditional
Legal bodyLimited Partnership
Established in1980
Financing availableNo
Reference #VANCOBC002-N510
% of business selling100%

Premises

DetailInformation
PropertyLand and building not included in the sale

Buyer requirements

Buyer does not need to have experience owning & operating a business or franchise.

Buyer does not need specific industry experience.

Location

BC, Canada

Listed by Pino Bacinello

Listed August 18, 2020 · Last updated August 28, 2020 · Listing ID #2196

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