Business Overview:
Profitable and growing full service Marine Repair Company with storage in an excellent location.
The Company provides Marine Repair Services for all makes & models. In addition to mechanical repair, the Company also does fiberglass, electrical, as well as custom work. The Company also offers Storage, which comprises 20% of revenue; customers may choose from indoor, heated storage, as well as outdoor, fenced storage.
The Company has a well-established reputation, based on the dedication of the high-quality work of its skilled team. This business shows continuous growth, which is likely to continue. The Company’s revenue grew 22% from 2019 to 2020, and 37% from 2020 to 2021.
With cash flow at nearly 40% of revenue, the Company is highly profitable and shows excellent potential for continued growth.
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Property Features and Assets:
6,500 square feet building. Indoor, heated storage, as well as outdoor, fenced storage.
Market Competition and Expansion:
Investment Highlights Include:
(1) High Demand
(2) Low Competition
(3) Excellent Reputation
Growth and Expansion:
(1) Implement Marketing Strategy
(2) Offer Boat Sales and Retail Parts
(3) Hire Additional Marine Technicians
Reason for Selling:
Retirement
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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