Full Service Marine Repair Business

Not Disclosed, MI
Kent County


Asking Price: Annual Revenue:
$350,000 $313,746

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


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RE: Full Service Marine Repair Business Broker: Max Friar
Owner Financing is Available!
Limited seller-financing is available for qualified buyers.

Quick Facts

Asking Price: $350,000
Annual Revenue: $313,746
Net Profit: Not Disclosed
Cash Flow: $121,689
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2001
Employees: 2
BBN Listing #: 250545079
Broker Reference #: 766

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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.

Thank you for reading this overview. The extent of the information that we are publicly permitted to reveal about this opportunity is contained in this overview. Please submit your contact information in the provided form. We have automated the processing of non-disclosure agreements (NDAs) and sending of information for speed and efficiency.

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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.

Relevant Links:

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