Business Overview:
This is an excellent opportunity to acquire a unique and growing service and repair business in the Tampa Bay area for 2-stroke and 4-stroke Personal Watercrafts. Established for more than a decade, this business has achieved a strong position in the personal watercraft repair market. Profitable and balanced growth has been accomplished thru customer satisfaction. Advertising focus is currently placed on increasing sales volume through customer referral sources which is projected to add an additional 10% to gross revenues in 2009. The Company’s mission is to offer a high quality alternative for services to customers who cannot or do not want to use a dealer, without sacrificing quality and at lower cost. The downturn in the current economy has reduced the sales of new equipment and vessels in the PWC industry causing more people to maintain and repair their existing watercraft. This should cause an overall increase in the personal watercraft repair market generating a larger source of new leads for the business adding to the already well established customer base. This type of business qualifies for an E-2 visa.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business operates in a free-standing 3,200 square feet building used as an office and service shop, and a 6,400 square feet lot. The business has been at the same location for 2.75 years. Base rent is fixed at $2,000 per month.
Market Competition and Expansion:
Market research indicates that for the last 8 years the sales numbers for new PWC increased by 20% to 25% per year. 2008 was the first year that sales decreased. Therefore, there are more customers having their PWC fixed in lieu of replacing them.
A. The current pricing strategy is to keep labor rate at 50% or less than dealers, keep parts slightly lower using aftermarket parts and used parts when customer agrees for budget considerations.
B. The business uses various marketing methods and media to advertise. The business advertises through flyers and direct mailing to registered owners, Yellow Page advertising and a web site.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.