*** SELLER FINANCING AVAILABLE!!! ***
Looking for a strong seasonal business that gives you winters off? This just might be the one for you!
This thriving company offers all sorts of boat repair, maintenance, hauling and storage. They are situated in a popular tourist area, on a very busy numbered state road and less than ½ mile to an interstate highway. The company is a well-regarded dealer for two major marine manufacturers.
Services include:
Spring commissioning and end-of-season winterizing including shrink wrap service
Launch and retrieval with hydraulic transport trailers
Repair / maintain / replace engines, outdrives, outboard motors, jet drives, etc.
Seasonal hull and engine maintenance
Installation of electronics
Boat storage options include inside heated, covered unheated and yard (uncovered, unheated). This business holds an impressive 10 spaces for inside storage, 12 spaces for outside covered storage, and 90 outside, uncovered spaces.
Financials
Asking Price: $575,000
Gross Revenue: $830,000
Cash Flow: $290,000
FF&E: $200,000 +/- (included in the sale price)
Inventory: $20,000+/- (included in the sale price)
Real Estate: Might be available. Incidental to the sale of the business. Subject to commercial appraisal. Purchase for $1.2M or lease $4,000/month.
Year Established: 1992
Employees: 6 FT, 1 PT (including seller)
Payroll: $ 332,000 / year (seasonal)
Opportunities for growth: Add boat brokerage services. The seller currently turns many requests away.
Real Estate incidental to the sale of the business. Seller estimates value at $1.2M. Subject to commercial appraisal.
Note: Financials are seller-provided and not audited by Inbar Group ,Inc.
