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Multichannel Online Distributor & Parts Marine Store/ Shop For Sale

Hollywood, Florida
Asking Price:
$1,200,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,000,000
Cash Flow:
$150,000

Last year, I listed for 3 months this business for sale at $1.8 million but i was busy and not prepared to sell it, so I did not contact the potential buyers. This year, I want to sell it, so I am offering it at a lower price of $1,200,000

WHAT WE DO:
We do sell on eBay, on Amazon, on our website, on direct sales via Paypal invoice, and via Craigslist. Soon we will be selling in walmart and jet.com
We do primarily sell:
- New parts for: Jetski, Boat, Yatch.
- New parts for boat engine (inboard and outboard).
- New parts for ATV, UTV, Snowmobile, Motorcycles.
- Used parts for: Jetski, Boats, engine parts (inboard and Outboard).
- Used outboard engines.
- Once in a while we sell jetski, and used boats
- New jetski engine

BUSINESS OPERATION:
Employee count about 10..
We have a database with about 80000 items for sale. Database connect to marketplaces in which we sell. We use a shipping software that connects to our database. In the shipping department we have about 2-3 employees who ships about 2500 orders per month.
We export outside the continental USA about 25% of our orders.

Inside our warehouse we have a marine shop with plenty of tools to take apart, test, and repair outboard engines. The shop is used for our internal jobs or orders. You can also implement a service shop to the public and charge $80+ per hour.

We have an office that takes care of orders, controlling all items are shipped, accounting, and auditing.
We have about 4 more remote workers in database management and listing.

LOCATION AND WAREHOUSE
We lease a warehouse of 3000 sq ft with a second floor of about 1200'. We lease a second warehouse of 1200' sq ft, which located in front of the main warehouse. We have about 20 pallet racks 14' high where we stock over 30000 parts that we have on inventory.

EXPANSION:
We are not offering labor in boat mechanics. This is another potential expansion in which labour rates are $80+ an hour.
Shortly we will be selling in jet and Walmart online store once our database manager finish integration with those 2 marketplaces.

ADVANTAGES OF THIS BUSINESS
1st. There are currently in inventory already paid: listed on our database and marketplaces over $600,000. We have many engines to take apart and list. We also have many more parts to take pictures and list. This other items should account for about $400K. |In conclusion: we have over $1,000,000 in inventory that is already paid and ready to be sold. Once it sells the business is almost free. In 2019 we expect to sell about $300K in inventory that is already paid. If all inventory is list at the correct price you will get the money faster.
2nd. There are 3 employees for database maintenance and listings. They can list over 1500 items per month.
3rd. Owner will stay at least 6 months to train and help. Employees will also train.
4th. There are about 25000 listings from 6+ major vendors that brings daily orders of about $200K per month

WHAT YOU ARE GETTING AS BUSINESS:
1st. a database with over 80k items.
2nd. Mature and well maintained: eBay store, Amazon store, website, and social media. Accounts with jet.com and Walmart.com. We are waiting for the integration final steps to have those stores live.
3rd. long time distribution agreements with over 8+ major master distributors.
3rd. Opportunity to grow as we only sells some items of those 8+ distributors. List more items from our database to marketplaces and sell more
4th. Opportunity to expand into a marine shop that charges over $80 an hour for labor. We have space to park boats if you want to provide boat services and labor.
5th. A stable company with over 10 years in business.
6th. A company that provides job for about 10 employees.
7th. A great opportunity for people seeking USA.
8th. A company with great credit history and with available loans (one click away) from several sources

WHAT INVENTORY AND ASSESTS YOU ARE GETTING
1st.. Two warehouses full of pallet rack and shelves
2nd. About $1.000.000 in inventory already paid
3rd. Thousands of tools, tool carts, racks, forklift, shipping cargo van, office equipment with over 10 working stations.

REASONS FOR SELLING BUSINESS
1st. The owner has been for the over 5 years dealing with a criminal case for a boat accident in which a friend died. By now, case has not finished.
2nd. Owner wants to leave the country once criminal case finishes.

If interested, please contact the seller through the form on this page.

Property Information

Real Estate:

Lease

Lease Terms:

$2900 per month.

Leasehold Rent:

$34,800 per annum

Location:

We are located in a commercial warehouse area. We are close to UPS and USPS which are or primary shipping providers and we send the truck daily to drop packages.

Premises Details:

We lease a 3000 sq ft warehouse with high ceiling. We have about 1200' sq ft in a second floor. We have a patio in the back and a patio in front where we can park boats up to 28' long. We lease a second warehouse in front of our main warehouse with about 1200' sq ft.

Size in square feet:
5,000

Business Operation

Expansion Potential:

We are close to be selling also in jet.com and walmart.com. We also have 2 major vendors that our account are small with them. We just need to create their listings in our database. The growth for us has no limits. Although, I rarely repair boats or engines, we do have the tools and technical knowledge to do that.

Competition / Market:

There are competitors in the market. Most of the times we beat them. We do not focus on them as we need to focus on our growth. Besides, the market is huge. We have grown every year at about 25% to 40% rate and that takes a lot of resources.

Reasons for selling:

Leaving the country

Trading hours:

8:30 to 5:00 PM Monday to Friday

Employees:
10
Years established:
10

Other Information

Support & training:

I can extensively train the buyer, while working as an employee, for 6 to 12 months.
I as owner knows all business aspects. Many employees manage section of the business. They can also train.

Financing available:

50% downpayment. 50% to be paid in 6 months, while I am training and supporting.

Furniture / Fixtures value:
$150,000 - included in the asking price
Inventory / Stock value:
$950,000 - included in the asking price
Website:
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Relocatable:
This business can be relocated.

Contact Information

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