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Yachts and Boats Company Seeking Loan in Miami, United States

Innovative power watercraft unlike any product on the water to compete with standard jet skis.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 600 thousand
Run Rate Sales USD 1.8 million
EBITDA Margin 10 %
Industries Yachts and Boats
Locations  Miami
Local Time 9:55 AM America / Nipigon
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 500 thousand for 10.0% annual interest, 2 years (Native Currency: USD 500,000)
Reason: We are a new business but are selling power watercraft very fast and signing up authorized dealers i... View More
Collateral Available: USD 200 thousand
Includes physical assets worth USD 20 thousand
Interested to connect with advisors
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Business Overview

- Within 90 days of operations, we have been able to sell USD 460,000 worth of power watercraft to customers in the United States and Caribbean islands.

- We have signed up 3 authorized dealers and sold to 65 customers so far.

- Have a background in marketing for over 16 years and utilizing social media to attract customers that appeal to the product.

- Can produce 140 power watercraft per month.

- We started operation only 4 months ago.

- The promoter has over 12 years of experience in this industry.

Products & Services Overview

Our product is an exotic Jet Ski in the shape of your favorite sports car and powered by a Yamaha or Seadoo engine. We are currently producing models that resemble a Chevy Corvette, Porsche 911, Mclaren, & Lamborghini. We are selling units from USD 25k up and will start the rental side of the business very soon. At this time, we're signing up authorized dealers for USD 55,000- USD 88,000 to sell our products across the US and abroad.

Methods of revenue:

1. Car Sales (USD 25,000.00 base to USD 65,000.00 top model)

2. Rental Service (USD 300.00 hourly), focused on hotel beach resort contracts & marina deals.

3. Authorized Dealers (USD 55,000 standard dealer -USD 88,000 exclusive dealer)

Nationwide and global expansion opportunities for our company. A customer can request a custom product for an extra cost of USD 65,000 to design the mold.

Assets Overview

2 pickup trucks, 4 power watercraft, office equipment, molds, forklifts, trailers, tools, etc.

Facilities Overview

- We have 4 warehouse facilities, showroom, and a headquarters office in Miami.

- One of the is on a 2,000 sqft area. We pay a monthly rent of USD 4,000.

Capitalization Overview

Funded by owner. The owner has invested $200k in the business and have a partner who has assisted in the hands-on activities. The shareholding ratio is 90:10.

Recent Activity
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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