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Profitable Yachts and Boats Company Seeking Loan in Charleston, United States

Premium yacht and boat manufacturer seeking startup loan for new models.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity C Corporation
Reported Sales USD 300 thousand
Run Rate Sales Nil
EBITDA Margin 40 %
Industries Yachts and Boats
Locations  Charleston
Local Time 2:32 PM America / New York
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 3.5 million for 8.5% annual interest, 5 years (Native Currency: USD 3,500,000)
Reason: The owner is seeking a loan for the startup and tooling of the 28' & 32' center console performance ... View More
Collateral Available: USD 750 thousand
Includes physical assets worth USD 750 thousand
Interested to connect with advisors
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Business Overview
- Well-established in the luxury yacht and boat industry with 41 years of premium history.
- Boasts a strong relationship 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
Our most sold boats are the 21' & 22' Gambler Elite Bass Boat.
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. Have all procedures and info to get started again.
Business was inactive due to Covid issues during startup. The owner was able to produce 9 boats with 12 employees.
Recent Activity
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Contact Business
2 Investors contacted this Business this month. Register below to connect now!
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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