Marine Winch Systems Manufacturing, and Service Company – Sold

Price: $1,300,000

Annual Revenue: $2,400,000

Net Cash Flow: $600,000

Industry: Manufacturing

Location: Ocean County, New Jersey

This company has been sold. Please view our Manufacturing companies for sale and contact us if you want to sell your manufacturing company.

Founded 20 years ago, the Company is a privately owned designer and manufacturer of marine winch systems and related products. The company is an industry leader with experience providing reliable products and services to commercial tugboats, drilling industries, and the military. The company is being offered $1.3 million on a debt-free and cash-free basis. The owner is willing to stay for an agreed compensation.

Employees: Four employees (including the owner).

Facilities: 5,000 square foot facility leased month-to-month ($6,000/month).

Business Highlights
 Strong track record of financial performance with project backlogs and Navy service contracts.
 Superior name and reputation in the industry.
 Unique product line with low cost of manufacturing due to in-house engineering and outsourced production.
 A strong team is willing to stay on after the acquisition.