Business for Sale Overview:
This boat dealership is well known by all the guys who trailer their high dollar fishing boats in Florida. In just 3 years time, sales have grown to about $13,000,000 annually on an absentee owned status. They have an extensive line of some of the hardest manufacturers that are difficult to obtain. Some lines include Contender, Pursuit. Shearwater and many others. The real estate has an estimated fair market value of $1,300,000 which is subject to appraisal. It is located on a major road directly across the street from the water. There is a substantial amount of parts and accessories that will be conveyed with the sale. The price of the business and real estate is $1,800,000 plus assumption of all floor plan inventory. As of November 2008 floor plan inventory was approximately $3 Million which is donw substantially from earlier in the summer and the owners are in the process of working the number down lower, targeting about $1 Million of floor planning. The owners run the business absentee as they own a very large company located in the same town. In the early fall of 2008, they hired an experienced general manager to oversee the business as it has been mis-managed allowing the floor plan inventory to escalate way too high. Wachovia Bank holds the current mortgage on the real estate.
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.
Reason for Selling:
Absentee/own another business.
Additional Details:
- The property is owned.
- The owner is not 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.