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Business For Sale
RETAIL AND INTERNET MARINE SUPPLY STORE
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Asking Price: |
$164,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Non-classifiable
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Reason for Selling:
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Moving family back home |
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Year Established:
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1964 |
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# of Employees:
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3 |
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Yearly Revenues:
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$175,000 |
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Yearly Cash Flow:
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$40,000 |
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Yearly EBITDA:
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$40,000 |
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Yearly Net Profit:
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$40,000 |
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Yearly Gross Income:
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$175,000 |
Business for Sale Overview:
This marine supply store, established over 40 years ago, is located on the Ohio River in Cincinnati and is part of a nationally rated and prominent marina. This store carries everything from boating accessories and hardware to carry out beer, wine, and food snacks. The store is very attractive, well managed, and profitable. Seller has also recently added a satellite location in Kentucky that is proving to be very successful. Current seller is highly motivated to sell and move his family back to his hometown. Seller has been tireless in his efforts to market this business to a broad spectrum of clients. His efforts include joining trade associations, attending boat shows, developing an online store on their website, doing direct mailings, and developing a catalog. In addition to his marketing efforts, he has also developed a new accounting and inventory system which allows him to gather accurate information on the performance of his company very easily. It is the largest store of its kind located on the Ohio River for 100 miles in either direction.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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