Newly Established Yachts and Boats Company Seeking Loan in Charleston, United States
Premium boat manufacturer seeking startup loan for current 21' and 22' models and new models.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 300 thousand |
| Run Rate Sales | Nil |
| EBITDA Margin | 40 % |
| Industries | Yachts and Boats |
| Locations | Charleston |
| Local Time | 10:46 PM America / New York |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
3.5 million
for
8.5%
annual interest,
5
years
(Native Currency: USD 3,500,000)
Reason: To restart manufacturing the 21' and 22' Gambler models, complete new model for mold construction, a...
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Collateral Available: USD 750 thousand
Includes physical assets worth
USD
750 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Pitch Deck/History
(22.6 MB)
Articles of Incorporation
(4.0 MB)
Business Overview
- Well-established brand in the luxury boat industry with 41 years of premium history.
- Boasts a strong history with NASCAR, providing potential for cross-promotional opportunities.
- Known for its reputation of having the safest and most efficient hydrodynamic hull technology, potentially appealing to safety-conscious consumers.
- Has a partnership with Mercury, a prominent player in the marine industry, offering potential for collaboration and access to their customer base.
- Regularly makes appearances at the Bassmaster Classic, indicating a strong presence and reputation within the fishing and boating community.
- Utilizes social media platforms such as YouTube, Facebook, and Instagram, showcasing an active and engaged online presence.
- Possesses all necessary manufacturing and trade licenses, indicating compliance and readiness to operate within regulations.
- Seeks funding for the development of larger boat models up to 55', potentially tapping into a new market segment and expanding its product line.
- Boasts a strong history with NASCAR, providing potential for cross-promotional opportunities.
- Known for its reputation of having the safest and most efficient hydrodynamic hull technology, potentially appealing to safety-conscious consumers.
- Has a partnership with Mercury, a prominent player in the marine industry, offering potential for collaboration and access to their customer base.
- Regularly makes appearances at the Bassmaster Classic, indicating a strong presence and reputation within the fishing and boating community.
- Utilizes social media platforms such as YouTube, Facebook, and Instagram, showcasing an active and engaged online presence.
- Possesses all necessary manufacturing and trade licenses, indicating compliance and readiness to operate within regulations.
- Seeks funding for the development of larger boat models up to 55', potentially tapping into a new market segment and expanding its product line.
Products & Services Overview
22' Gambler Elite Bass Boat, mostly sold to upper premium user market who have their own businesses.
Assets Overview
Tangible assets owned by the company include:- 21' & 22' molds: USD 400k.
- 2 demo boats: USD 100k.
- Gun roving machine, putty pump machine, foam injection machine: USD 60k.
- Tools, paintbrush, tables, flake, fiberglass materials, spray equipment, fans, exhaust fans, 15HP screw type compressor, air dryer, 240 accumulator air tank, drill press, all air tools required, chain hoist, 2 high lift mobile gantry frames.
Facilities Overview
The business used to operate from Santee, SC. Have molds, equipment, tools, BOM, 2 boats for demo, procedures, cost/profit numbers, business plan, and production schedules.
Capitalization Overview
The business currently has 2 owners needing startup, payroll and inventory investment. Have all procedures and info to get started again.Business was inactive due to Covid issues during startup.
Recent Activity
-
1 week agoChief Technical Officer, Real Estate Development, London, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysPrincipal, Financial Services, Panama City, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysFunding Specialist, Coconut Creek, Financial Consultant connected with the Business
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·Newly Established Motorboat Company Seeking Loan
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·Newly Established Boat Company Seeking Loan
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