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Asking Price$3,190,000
Revenue$2,752,922 Established1980
Cash Flow$653,320 Employees4 full, 3 part
FF&E$830,030* FranchiseNo
Inventory$482,750* RelocatableNo
Real Estate$1,800,000 Home-basedNo
* Included in Asking Price
This marine business for sale has been successfully operating since 1980. This year has proven to be a covid-proof business. A great opportunity to buy an established, thriving business with a built-in vacation most of the winter months
Family-owned and operated, they have built a solid reputation servicing new and repeat customers year after year. They operate with a small advertising budget due to word of mouth referrals and a great location. The business model includes several business related revenue streams. These include sales (new and used boats, accessories, lifts and docks), service (boat repairs, detailing, winterization, and install/remove docks) and storage (boats and trailers).
Averages - 2016 thru 2019
Revenue $2.2M
EBITDA  $493,086
SDE  $643,086
The owners are nearing retirement and are looking for suitable buyers. A qualified buyer would have management and sales experience. Mechanical aptitude would certainly be a plus. Sellers will be willing to train a new owner during a transition period to be agreed upon.
Furniture, fixtures and equipment as well as inventory will be included in the sale. Equipment has an estimated value of $830,300.
Real Estate has an estimated fair market value of $1,800,000. This includes 8+  acres and over 90,000 sq. ft. for boat storage, service and showroom.
To learn more about this opportunity to own a boat sales, service & storage business, please contact Megan Cox at megan.cox@sunbeltnetwork.com or 563-940-1255 or Milt Anderson @ milt@sunbeltnetwork.com for a Non-Disclosure/NDA.
Competition:Normal
Growth Potential:Sales of additional boat lines and categories could be added to provide growth
Training/Support:Seller will offer training and support to assure as smooth transition
Sale Reason:Retirement
Ad #121352
Seller Reference #QUADCIL001-N556
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Megan Cox
(309) 764-1955
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