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Croatian Shipyard for sale
Company for sale (Croatian Refit/New Build Shipyard on Adriatic Coast)
- Sales of the Croatian Refit/New Build Shipyard on Adriatic Coast for sale: 14.6m EUR
- Location of the company for sale: Croatia
- Employees of the company for sale: 174
- #CFIE TZC 006
- Reason for sale: looking for a strategic investor for a capital increase.
Overview of Croatian Refit/New Build Shipyard on Adriatic Coast for sale
The Shipyard was established back in 1905. The present owner has been operating the Shipyard since 2005, taking over the Shipyard with its highly skilled in-house employees, and has become the leading repair Shipyard on the Adriatic coast for super yachts.
Activities and services of Croatian Refit/New Build Shipyard on Adriatic Coast for sale
The Shipyard covers an area of 110,000 square meters, including 45,000 square meters in sheds and workshops, 48 cranes with up to 20 tons lifting capacity, a 900 ton synchro elevator and a 1,500 ton floating dock. With a 2,000 square meter shed, it is able to make repairs under extreme weather conditions. The Shipyard has concession rights on maritime domain on which Shipyard is located until 2034.
The Shipyard is an authorized dealer and service provider for various marine engine manufacturers including Volvo, MTU, Caterpillar, Yanmar and Mann. The Shipyard earned its reputation by servicing the state navy, and developed from a small workshop into a modern ship repair and new build base in the perfectly sheltered Bay of Šibenik.
It has established a special super yacht division with a team of project managers responsible for referring requests and requirements of yacht owners to the various workshops within the repair shipyard. The overall length of the yachts serviced at the Shipyard vary from 30 up to 75 meters.
Highlights of Croatian Refit/New Build Shipyard on Adriatic Coast for sale
Opportunity for strategic/financial investor to acquire equity stake in a leading Adriatic shipyard at attractive valuation. Steady revenue from refit - over 90% of its clients have previously used the services of the Shipyard, while new clients have been referred by existing clients. Recognition of new build – increase in orders from client in Norway suggests that Company is capable to deliver top quality new build. Operating expenses are calibrated to support future growth in sales revenue, suggesting that the majority of gross profit growth will convert to EBITDA. The Shipyard is the leading and well known repair shipyard for super yachts in the Adriatic basin, and one of the leading on the Mediterranean basin.
Information on this Croatian Refit/New Build Shipyard on Adriatic Coast for sale
Please do get in touch if you are interested in learning more about this Croatian Refit/New Build Shipyard on Adriatic Coast that is open for a business sale. Fill out contact form (get in touch).