Boat Sales & Maintenance Business

Business Overview:

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This very successful power boat sales and maintenance business was started in 1972 and has been family owned and operated from its beginning. Located in a full-service marina with Chesapeake Bay access, the business has been a leading retailer of new and used boats in the area.

The business has a full complement of employees who will stay including sales, service writers, technicians, and admin. The Seller processed new and used boat purchases, handled financial matters, and worked with customers to resolve difficult issues. His wife provided bookkeeping and payroll services. Both will stay up to 90-days for a smooth transition and then after for a reasonable period of time as a paid consultant if required.

A full price sale will include over $1,500,000 in inventory of all new and used boats, accessories, FF&E, parts and supplies. The relationship with several popular brand-named boat manufacturers are key to the success of the business, and the Seller has taken great care in maintaining a pristine relationship with them over the years. The business has no debt, and all inventory is owned not floor planned.

A new long-term lease must be negotiated with the landlord but is readily available.

For more information contact the exclusive agent. A signed NDA and buyer's profile is required.

Contact the Seller:

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Property Features and Assets:

Monthly Rent: $5,129.00

Square Units (Foot, Meter): 10,000

Lease Expiration Date: April 30, 2025, 12:00:00 AM

Market Competition and Expansion:

Competition:

There are several competitors in the region, however, the brand names carried by this business are considered to be the top brands in the industry and they are not available from regional competitors.

Expansion:

This business has an amazing growth potential by improving on-line marketing and sales, hosting events at it's location, offering rentals, fractional ownership, and opening additional sales locations.

Reason for Selling:

Additional Details:

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