* Included in Asking Price
This is a franchise boat rental business located on the Alabama Gulf Coast, a short distance from the Florida/Alabama border. The Franchise has been in place for 11 years, with 27000 launchings, hundreds of members, and has four locations.
The boats and one wave runner are new in 2015; two wave runners were purchased new in December 2012 for the 2013 season. Only the finest boats are used in this business. This equipment scales above all rental boating options in the area - since it is maintained by the business, and kept to the high-standards of the business where boats are replaced new every 5 years.
Currently there are a total of 47 members and 35 paying the monthly fees of $360 for unlimited use of the boats. The business utilizes a simple online reservation system to allow members to reserve boats.
The marina location provides good shelter for the boats, and furnishes" work racks" for maintenance. It is desirably located close to the Gulf pass and islands. The business has instituted a new boat leasing policy in 2015 with several owners, which has proven to save money for the owners and the business. With four new boats and three wave runners, the new owner has a solid foundation to build the business without the slow start-up period.
This offering is ideally custom-fitted to Alabama/Northwest Florida which is heavily based with families' second homes (mainly condominiums), retired families, and military who want to host fun activities on the water with their families and friends. This area is "booming", with construction for new single family homes, condominiums, enterprises and a large theme park. With real estate values' escalating monthly the economy is thriving as the area is growing and beginning to show signs of a year round economy in lieu of a seasonal one. There are an estimated 250,000 visitors during the summer months.
The franchise was established for people who have the means to purchase a boat, or several boats, but prefer not to deal the many details that are associated with boat ownership.
The business is positioned for growth. Prior investment and hard work has been done with the result of establishing a wonderful reputation in the area, locating a great place for a sales office and to launch boats from, and the purchasing of new boats. The startup costs for a untested location is over $250,000. One of the present locations has a cash flow of over $200,000.
Required Licenses: Business
|Training/Support:||Seller will negotiate a transition period|
|Sale Reason:||Health Concerns|
Seller Reference #MOBILAL001-N788
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