For over 15 years this boat manufacturer has been manufacturing yachts and catamarans and selling them throughout the U.S. These vessels are known for their incredible hull designs, comfortability and fuel efficiency. The patented hull design makes the hull 35% thinner and 70% more fuel efficient. Boats also have a solar panel option to allow for charging capabilities whether at the dock or anchored.
Ownership is searching for a majority partner to assist in scaling and growing the company. The manufacturer currently has over 30 experienced boat builders and 5 service technicians on staff. Sales are expected to grow in 2024 as the manufacturer plans on selling its vessels internationally as well.
Note: 2022 had a dip in revenue and earnings due to macroeconomic factors, investment in manufacturing equipment and consumer demand. 2023 should be $10M+ based on current inhouse orders.