Luxury Yacht Marine Engine Service and Repair

Not Disclosed, WA
King County

King County

Asking Price: Annual Revenue:
$150,000 $275,310

Automotive & Boats: Marine Repair, Retail, Parts & Service

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RE: Luxury Yacht Marine Engine Service and Repair Broker: Claudia Smith

Quick Facts

Asking Price: $150,000
Annual Revenue: $275,310
Net Profit: Not Disclosed
Cash Flow: $76,523
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1988
Employees: 4
BBN Listing #: 93984955
Broker Reference #: 8002-13255

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Business Overview:

This is a rare opportunity to own an established high demand business with little competition and high margins servicing the marine leisure and commercial industry. This is a service business on site at the boat's docking location. They have established a solid reputation for service and quality work over the 30 years it has been in business. Currently, there is more requests for work than can be filled on a weekly basis.

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Property Features and Assets:

Located in an industrial complex, facilities have all equipment and supplies to deliver the services. There is 2400 sq ft with office and shop on a month to month basis. The landlord desires a lease situation with the new owner. Assets = $151,000

Market Competition and Expansion:

There is very little competition in the Seattle area. The boat Industry has an overall confident outlook. The general tone going into 2017 is one of optimism and expectations for slow, steady growth to continue. There have been nearly 5 years of growth in the mid single-digit, low double-digit growth in the markets overall, reports Info-Link. Boating Industry readers are even more positive: 78 percent of respondents to a December survey said their 2016 revenue was up from 2015, with over half of all survey respondents saying that revenue was up 10 percent or higher. 2016’s recreational boating industry performance and trends establishes a predominately positive forecast for 2017. U.S. employment grew moderately, with unemployment now at 4.6 percent and consumer confidence averaging 98.4 in 2016, about a point higher than in 2015. Fuel prices trended lower again in 2016, a favorable outcome for consumers and retail marine businesses. There is little competition and as there is more demand than can be accommodated. Hiring more mechanics will boost sales dramatically. Growth is projected in double digits for 2017. Advancements in marine engines and computerized systems coupled with the growth of the retiree population, the largest consumer segment of watercraft and sea going vessels, has created a surge in the demand for marine mechanics. Number increases each year and figures show that it will continue to do so for years to come.

Reason for Selling:

Retirement from the servicing portion of business.

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.

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