* Included in Asking Price
Boat Dealership R-2124
This well established, highly respected boat dealer is located in the Ohio tri-state area. It draws its customers from Dayton, Cincinnati, Indianapolis, Louisville, and surrounding areas. The business is a dealer for some of the best known sport boats in the industry, ranging from runabouts to cruisers.
Located on several acres, the facility can be leased or purchased.
Six months results for 2010 (sales $2,727,000; cash flow $237,000) are showing a significant improvement over the comparable period in 2009 as the company has focused on a profitable niche in spite of the poor economy.
The ability of this business to do well during this recession shows its strength and durability to weather almost any economic condition. With a number of other dealers closing their doors, this company will reap the benefit once the economy improves.
The business is being offered at $1,650,000 as an asset sale, free and clear of debt, with the purchaser receiving over $1,000,000 of assets as shown below.
The seller will retain all cash and pay-off all liabilities at closing to provide free and clear title to the business.
2008 Sales: $4,891,429 Adjusted Cash Flow: $281,528
2009 Sales: $4,047,707 Adjusted Cash Flow: $229,325
2010 Sales: $5,000,000 Adjusted Cash Flow: $400,000 Projected
Assets: Inventory $950,000 – Equipment $100,000
|Competition:||Decreasing: Several dealers in the area have gone out of business|
|Seller Financing:||Would consider a small amount|
|Sale Reason:||Semi retirement|
Seller Reference #R-2124
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