Gross Revenue: $8,400,000

Cash Flow: $930,000

Cash Flow Comments: EBITDA

Inventory: $120,000 (Included in Asking Price)

FF&E: $7,000,000 (Included in Asking Price)

Real Estate: $500,000 (Included in Asking Price)

Seller Financing: Owner will consider for qualified buyer.

Marine Services Business
This is a very well managed business which provides a full line of marine services including engineering and design, underwater construction, dredging, towing and barging and hydrographic surveying. The company has been under present ownership for over 20 years and has developed a reputation for outstanding performance on all projects regardless of size or complexity. The company is a designated IDIQ preferred supplier to the U.S. Government. Annual Cash flow to the owner averaged 13% over the past four years; the balance sheet is very strong with less than $500K debt. The core market is very large with relatively few suppliers capable of providing a full line of services resulting in excellent growth potential for this company. Owners will consider retaining some of the operating assets for preferential lease-back.

Year Established: 1983

Employees: 35 full time -

Facilities: Assets to be sold include boats, barges, machinery and equipment as well as shops,storage buildings and boat slips on 250 ft. of water frontage allowing access to an immense inland waterway. Also included is a 6000 sq. ft. storage building on 14 acres of land

Market Outlook and Competition: There are several competitors in the market area but most are not capable of providing a full line of marine construction services as is this company. The company has created a highly skilled and experienced staff which provides a significant competitive advantage. It is strategically located in its market area. Expansion into an under-served niche could increase revenue by $3 million annually. Also, the core market served is very large and offers significant opportunity. Company is aggressively pursuing opportunities outside its core market to achieve geographic diversification.

Management Training and Support: Owner will provide transistion training for a negotiated period of time. Longer term consulting contract would also be considered

Reason For Selling: Retirement