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Exceptional Boat Building and Marine Dealership For Sale
Mid South (Relocatable)
Asking Price: $399,000
Cash Flow: $155,000
Gross Revenue: $900,000
*not included in asking price.
Opportunities abound in this custom boat building business which is also a full-service marine dealership, Amazingly, this operation has been awarded the " Best New Boat Manufacturer and Dealer" in the San Benito, Texas, area for the last 7 years consecutively with an equally amazing asking price of $360,000. Established in 2000 by individuals who had worked in one of the nation's largest custom fiberglass and composite firms, this company has become one of Texas' finest boat builders. Additionally, it has also become a true sales, service and repair center for ALL boating needs, Located in a leased 8,100 square foot building,, the business is equipped with concrete flooring for production, assembly and rigging service as well as an air-conditioned office, parts room and restroom facilities. In addition to the generous-sized indoor facility, the exterior is enhanced by 200 feet of paved boat parking with storage areas. FF&E would be valued at $1,000,000 while the inventory/stock value is placed at $60,000 --- all inclusive in the sale price. Lease terms on the real estate include a 1 year lease with $30,000 annual renewals.
Specifically, for their 2018 model, the owners offered 27 models and 37 sizes of 100% composite and carbon fiber shallow water bay and flats boats while simultaneously serving as an OEM/ dealer for Tohatsu and Suzuki outboard motors and McClain Trailers. In addition to boat, motor and trailer sales, service and repair, the owners offer complete fiberglass repairs , modifications and custom commercial fabrications. With sales revenue at $900,000, clearly this business venture is extremely well-established and lucrative. Insofar as competition in the south Texas/ Gulf Coast area , there are 3 other boat builders; however, this particular dealership has established its own specific niche in the new boat market. Therefore, competition is practically nonexistent. Actually, the owners have gained customers who have had less than desirable experiences with other companies.
An extremely important aspect of this business is that conceptually the owners have intentionally maintained the small size , yet are able to yield a cash flow of $155,000. Although the owners are preparing to retire, the primary person is willing to stay on to provide training and pave the way for a smooth transition for up to one year with no salary. Although the business has purposely been kept small , there are various opportunities for expansion and even relocation, if so desired. Any and all possibilities may be discussed with the present owners to assist a prospective buyer. Importantly, the primary person and staff of 6-9 individuals are certified and factory-trained technicians; this expertise and experience can all be passed on to a prospective buyer. Added incentive exists in the fact that the general manager is very well-versed in all aspects of the operation and could possibly provide assistance to anyone who would prefer to be an absentee owner.
Financially, annual sales range from $860K- $900K with an average cash flow of 14%-25% after taxes. Owner financing is available;interested prospective buyers may contact the seller for additional information. Please note that the business will be sold debt-free at closing ---- and incredible opportunity to secure this Texas-based operation which truly provides a " One Stop Shop " for ALL marine needs!
Inventory:Not included in asking priceEmployees:6-9Furniture, Fixtures, & Equipment (FF&E):Included in asking priceFacilities:8,100 square foot metal building ( all under roof) Has concrete floors for production, rigging and service. Air-conditioned office, parts room and restroom facilities Exterior---- 200 feet of paved entry , boat parking and concrete parking lot at buildingCompetition:In this area of San Benito, Texas, there are 3 other boat builders; however, this business has its own specific niche in the boat market and does not view these businesses as competition.Growth & Expansion:Conceptually, the owners have made a concerted effort to keep this business small, so there is absolutely room for expansion as well as relocating, if that is something a new owner would want to consider.Support & Training:Primary person willing to stay on for training for up to one year with no salaryReason for Selling:Retirement
6 miles from the mexican border and 35 miles to the gulf of mexico
yes as much as needed
yes with 250K cash down
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