| OFFER TO SELL
Client No. 03082
Business: This forty-year-old Company operates from Maine
to Florida with an Eastern Seaboard Base. The Company owns and
operates a waterfront property for maintenance and docking activities.
The Company specializes in leasing steel deck barges and sectional
barges to the bridge construction industry. The Company has several
barges that are ABS certified for ocean-going use. The Company
owns and operates nearly 50 vessels.
Major customers are large general contractors with lease terms
ranging from several months to several years.
A complete list of
barge description and dimensions are available to qualified buyers.
Sales:
Year Ending June 30, 2003 $1,566,000
Year Ending June 30, 2002 $1,969,000
Year Ending June 30, 2001 $1,838,000
Year Ending June 30, 2000 $1,922,000
Year Ending June 30, 1999 $1,667,000
Reason for Sale: The Company is privately owned and the owner wishes to retire.
Terms and Price: Terms and price are flexible depending upon the structure of the sale.
Fees: Penn Capital Group, L.L.C., has been engaged exclusively to sell this company
and our fee is paid by the seller.
More detailed information will be supplied to serious buyers upon
the signing of a confidentiality agreement. A verification of the
potential buyer's financial capabilities will be required. All
communications, inquiries, and requests for information should
be directed to:
Lawrence N. Blake
PENN CAPITAL GROUP, L.L.C.
5 Shadow Lane
Chadds Ford, PA 19317
Direct: 610-388-7119
Fax: 610-388-3361 |