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Rare opportunity to acquire an established South Florida marine engine and parts business with worldwide sales and an estimated $30 million in inventory (seller estimate), including approximately $14–16 million already listed online. The business specializes in hard-to-find, discontinued, New Old Stock and used yacht engines, transmissions, generators, and OEM parts that are in high demand by yacht owners, commercial vessel operators, charter companies, fishing fleets, and marine service businesses throughout the U. S. , Caribbean, and Latin America. The 17, 200-square-foot warehouse is packed with valuable inventory, and the asking price includes both the ongoing operating business and all inventory. A new owner has significant growth potential by cataloging and marketing the remaining inventory online, expanding e-commerce sales, and growing international distribution. The business currently employs 8 full-time W-2 employees, operates from a prime location near major seaports and airports for efficient worldwide shipping, and the seller is willing to assist with a smooth transition. This opportunity may also be attractive to buyers exploring U. S. business immigration pathways such as E-2, L-1, or EB-5. This is one of the few companies that dominates this niche high margin industry. Additionally the convenient location gives it a tremendous advantage. Create a sales force locallly in the Carribean and throughout Latin America.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $4,000,000 | $4,000,000 | $4,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.263% | 6.121% | 6.183% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $23,343 | $23,982 | $33,754 |
| Total Monthly Payment | $23,468 | $24,107 | $33,879 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.