Plymouth’s engineering and fittings activities are launched on the market
A marine engineering and fittings company from Plymouth, which forecasts a turnover of £ 700,000 this year, has been put on the market.
Husband and wife owners Gavin and Sally Hearnden have put Mount Batten Boathouse Ltd up for sale at a guide price of £ 130,000 as they want to retire.
The company, close to Plymouth Yacht Haven, employs six people in addition to the two directors, and the sale includes the lease and equipment of the premises, as well as the business and two vehicles.
The company, founded in 1998, is described as very well known and successful. Even in Covid-hit 2020, when it had to shut down for five weeks in the first foreclosure, it made sales of almost £ 600,000 and made a net profit of £ 103,000.
Turnover is expected to reach £ 700,000 with adjusted net profit of over £ 100,000 and its ‘expanding customer base’ is expected to provide significant growth.
With a database of over 5,000 clients, including 600 account holders, it includes the Devon and Somerset Fire and Rescue Service, South West Ambulance Trust, the Department of Defense and the University of Plymouth among its clients. But most of his clients are private boat owners whose craft are based in Plymouth.
The company offers engineering and fittings services and specializes in the supply and installation of marine equipment to suit a variety of vessels, including engines, heating, refrigeration, electronics and energy management.
It is Plymouth’s main dealer for major brands including Yanmar, Mariner, Webasto, Vetus, Raymarine, Torqeedo, and Navico electronics electric outboards. It has two websites, one of which is an online store for specialized marine equipment.
The business was brought to the market by specialist business transfer agents, Beardsley Theobalds, who said: “For the first time since its inception in 1998, Mount Batten Boathouse has been brought to the market and is offered at the sale, to allow husband and wife owners to retire.
“This is a very well known and popular business that greatly benefits from an excellent commercial location within Plymouth Yacht Haven – a marina offering full facilities including a 75 ton winch and covered storage, just minutes from the shops. open waters of Plymouth Sound, one of England’s most beautiful natural harbors.
Business Live’s Southwestern business reporter is William Telford. William has over a decade of experience reporting on the business scene in Plymouth and the South West. It is based in Plymouth but covers the entire region.
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“The company is particularly well known for being the primary Plymouth dealer for a significant number of major brands as well as having primary direct accounts with a host of other names well known in the marine industry. It is a very successful and profitable company with a skilled and loyal workforce. He has an enviable and growing customer base and enjoys having a really good name and reputation. The trade is distributed about 60% in retail trade and 40% in engineering.
“Since Mount Batten Boathouse is offered at a very attractive price to encourage an early sale, seriously interested potential buyers are strongly recommended to take urgent action if they want to avoid disappointment, as the availability of this business will certainly control. a lot of interest. “
For more information visit www.beardsleytheobalds.co.uk or call the sales agent, Beardsley Theobalds, on 01392 253071.