Boat Dealership with Service Department

Not Disclosed, WA


Asking Price: Annual Revenue:
$3,900,000 $13,000,000

Automotive & Boats: Dealerships - Auto, Truck, Motorcycle


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RE: Boat Dealership with Service Department Broker: Bill Southwell
Owner Financing is Available!
The seller will finance 50% of the transaction for a qualified buyer.

Quick Facts

Asking Price: $3,900,000
Annual Revenue: $13,000,000
Net Profit: Not Disclosed
Cash Flow: $1,000,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 146635781
Broker Reference #: BDR2019

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Business Overview:

This business is one of the premier Pacific Northwest boat dealerships. The dealership offers a full range of boats to accommodate the nautical desires of families, empty nesters, and sportsmen. Along with boat sales, the business also provides a one-stop-shop that includes an unrivaled service department, a comprehensive marine parts and accessories department, and seasonal inside boat storage for up to 250+ boats.
The renowned service department employs certified technicians with many having training & accreditation from multiple manufacturers. The business generated approximately $3 million in sales last winter from the boat show season. Ownership is hoping to facilitate a sale that will allow the buyer to capture this revenue in 2020 with their mentorship during the transition of ownership.

New boats are prominently displayed in the main building consisting of 16,000 Square Feet of showroom space and an additional 2,000 Square Feet of overhead office/storage space. The main lot also supports three other detached buildings that are used for storage, repairs and detailing that comprise a total of 16,500 Square Feet. The business supports three separate off-site lots that each have 10,000 Square Feet of space that are 100% rented each year for customer boat storage on a seasonal basis. The current rent for all referenced facilities is $20,000 per month, including NNN charges. It is contemplated that the Sellers will negotiate a long term lease with a Purchaser consistent with current lease terms. The real estate and the buildings are not a part of this sale, however, the Seller would consider offers.

The Sellers serve as General Manager and Office Manager and are paid $11,000 & $6,000 per month respectively. The business supports three other salaried positions: Sales Manager @ $60,000 + commissions; Service Manager @ $75,000,000 and a P&A/IT Manager @ $75,000. The business also employs three salesmen and 20-25 hourly employees earning $13.00-$26.00 per hour. The Sellers expect most salaried and hourly employees to stay-on with the business after the sale to insure a smooth transition.

The lead business broker for this company at IBA is Bill Southwell. Please contact Mr. Southwell or use the email reply button of this ad.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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