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Full-service Marine Repair Business In Attractive Market! (17739) For Sale

Western WA, Washington, US
Asking Price:
$725,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$419,042
Cash Flow:
$180,519

Listing provides a full range of marine parts & services for powerboats including repair, storage, and retail of parts & accessories in their storefront. Services are provided on-site in a purpose-built facility in addition to offsite, mobile service capabilities. With secure boat storage & launch/retrieval services; they offer stable recurring high margin & "'annuity-like" income streams. Growing long-term repeat customer bases built over 25 years of operation is composed of high-income residents of the Seattle-metropolitan area owning second "vacation" homes or that have retired in the South Puget Sound. Several businesses and gov't entities with local marine operations, including fisheries, shellfish farms, Native American tribes, coast guards, & law enforcement are also recurring customers. Positioned as a high-quality service provider and reputed for honesty & reliability; their consultative solution-focused customer approach, supported by trained technicians with significant experience across major OEMs (MerCruiser, Volvo, Honda, & Evinrude/Johnson) provide ample credibility and advice. LT relationships with key marine suppliers, including OEMs; provides access to a comprehensive portfolio of marine products. Offering access to a comprehensive portfolio of marine products, the company stocks an extensive inventory of OEM parts & accessories which allows for faster turnaround times and higher client satisfaction. Focusing on recession-resistant categories, revenue and profitability have historically increased during economic downturns ('00-01, '07-09, 19-21) with only one competing OEM-affiliated marine repair business in the county. Competitively protected from new entrants, no similarly capable facility exists or is permitted to be constructed within 20 miles due to zoning restrictions. The business possesses multiple, clear growth strategies; demand is consistently in excess of technician capacity with little to no marketing.

Property Information

Real Estate:

Lease

Location:

Property is owned and available for purchase outside of Asking Price!

Size in square feet:
3,000+/-

Business Operation

Reasons for selling:

Approaching retirement and/or pursuing other interests.

Trading hours:

Tuesday to Friday 9AM - 5:30PM; Saturdays open 9AM - 3PM.

Employees:
2 nonunion.
Years established:
1995

Other Information

Support & training:

Smooth Owner Transition Period.

Financing available:

Negotiable up to 20% for the right buyer.

Furniture / Fixtures value:
$200,000 - included in the asking price
Inventory / Stock value:
$325,000 - included in the asking price
Related Documents:

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