Poor health is finally forcing the 70 year old owner of this successful marine retailer (which he founded in 1991) to sell his business. Ideally located just off a major West Michigan interstate highway, this business has become a marine landmark destination in its 17 years of operation. The seller also owns the property, a perfect square parcel occupying 2.25 acres with two newer, attractive buildings, one each at 9,000 and 12,000 square feet. The buyer of the business can purchase the real estate in a separate transaction or enter into a favorable lease (at about 6% of sales) with an option to purchase the real estate. The business has generated annual sales ranging from $1.5-$2.0 million with an annual cash flow between $100,000-$200,000. The operation is truly a turnkey marine retailer, selling boats, motors and trailers; servicing boats; selling a wide array of accessories; winterizing and storing boats; offering specialized services such as re-upholstery and hauling; etc. This retailer has exclusive regional distribution of a number of excellent boat lines, enhancing the value of the dealership. The showroom has an impressive display of accessories (which have excellent growth potential) backed by a $70,000 inventory (included in the offering price). The owner and two part time sales staff handle the sales side of the business. The strong and respected service component of the business is supported by two long term, loyal mechanics, a parts/service manager and $250,000 of new parts (included in the offering price). A full time administrative person rounds out the staff. The seller's health issues require a highly favorable asking price. The business which includes a $250,000 parts inventory; $70,000 of accessories; $70,000 of wholly owned boats, trailers and motors; and over $100,000 of fixed assets and equipment (welders, presses, hi-lows, hoists, cranes, tools, truck, newer computers and software, sewing machines, etc.) is being offered for $595,000 of which the seller will carry as much as a $250,000 (10 year, 6%) note to a qualified buyer. The business also has $350,000 of floor plan inventory which can either be assumed by the buyer or sold by the seller.