Under Contract
Specialty Towboat and Tugboat Manufacturer, Optional Real Estate For Sale
Florida manufacturer of commercial towboats and tugboats under 26 feet
On NextCompany since September 3, 2026 (42 days)
FL area13 FT employees
Business overview
This Florida shop builds custom all-steel commercial towboats and tugboats to order. It is one of three US makers of commercial boats under 26 feet. Dock builders, marinas, dredge and bridge contractors, and salvage firms order these workboats. Thirteen full-time employees run operations independently of the owners.
The asking price is $5,100,000. Cash flow is $1,051,545 on gross revenue of $3,914,872. The company owns two buildings totaling 12,500 square feet, estimated at $1,775,000. Buyers may purchase those buildings or lease them back for about $144,000 a year.
Who is a good fit for this business
- Owner-operators with steel fabrication and welding experience for custom workboats.
- Buyers who can fund the $5,100,000 asking price without seller financing.
- Buyers who want owner-independent operations with a 13-person production team.
- Buyers who want optional company-owned plant space of 12,500 square feet in Florida.
Details
- Reason for selling
- The founders are retiring after 30+ years of building the business together.
- Real estate
- Owned, available separately
Frequently Asked Questions
The shop builds custom all-steel commercial towboats and tugboats to order. It is one of three US makers of commercial boats under 26 feet. Dock builders, marinas, dredge and bridge contractors, and salvage firms buy the boats. Orders come from the United States, Canada, and international clients.
The $5,100,000 asking price does not include the real estate. The company owns two buildings totaling 12,500 square feet. The estimated real estate value is $1,775,000. Buyers may purchase the buildings or arrange a leaseback of about $144,000 per year.
Gross revenue is $3,914,872. Cash flow and EBITDA each total $1,051,545. Revenue moved from $2.6 million in 2023 to $3.7 million in 2024 to $3.9 million in 2025. That path reflects about 24% CAGR and about 27% adjusted EBITDA margin.
The founders are retiring after 30-plus years of building the business together. They offer transition support to the buyer. Buyers can negotiate the scope of that support.
Thirteen full-time employees staff the plant. Eight employees have ten or more years of tenure. A typical build cycle lasts about eight weeks. Overhead cranes, welding bays, and purpose-built bay doors support production. Boats under 26 feet require no captain's license.