Business For Sale

Boat Towing/Salvage Business-Lakes Gaston/Kerr

Gaston, NC
Wake County


Asking Price: Annual Revenue:
$40,000 $45,673

Automotive & Boats: Boat Storage and Marinas


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RE: Boat Towing/Salvage Business-Lakes Gaston/Kerr Broker: George Bradbury

Quick Facts

Asking Price: $40,000
Annual Revenue: $45,673
Net Profit: $22,453
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $28,750
Real Estate: Not Disclosed
Year Established: 1966
Employees: 2
BBN Listing #: 8676351
Broker Reference #: BOATTOW1

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Business Overview:

Transfer of License Service Agreement Rights for 2 lake Locations in North Carolina. The protected territories are licensed by Tow BoatUS a subsidiary of Boat Owners of America. With over half million members----Tow BoatUS licensees answer calls for over 70,000 annual water assists with a fleet of 600+ boats
Included are transfer of Tow BoatUS licenses for the following locations in North Carolina-----Lakes Gaston and Kerr. Also included are all boats with equipment for servicing boaters and agreements with Captains that manage operations on the water.
Revenue include being paid for Member Towing, Non-Member Towing, Salvage, and potential commercial contracts.

Transfer of License Service Agreement Rights for 2 lake Locations in North Carolina. The protected territories are licensed by Tow BoatUS a subsidiary of Boat Owners of America. With over half million members----Tow BoatUS licensees answer calls for over 70,000 annual water assists with a fleet of 600+ boats
Included are transfer of Tow BoatUS licenses for the following locations in North Carolina-----Lakes Gaston and Kerr. Also included are all boats with equipment for servicing boaters and agreements with Captains that manage operations on the water.
Revenue include being paid for Member Towing, Non-Member Towing, Salvage, and potential commercial contracts.

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.

Property Features and Assets:

The operations use docking facilities. The monthly rent is $200.

Market Competition and Expansion:

In some locations there are independent and smaller organizations that offer similar services. Only 2 lakes have another similar operation. (Kerr and Gaston) BoatUS is by far the largest organization of its kind with over $500,000 dues paying members.

Reason for Selling:

Owner has other interests.

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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