Highly Profitable Midwest Location Boat Sales, ...

Confidential, IL


Asking Price: Annual Revenue:
$3,190,000 $2,752,922

Automotive & Boats: Auto Retail - Auto Parts


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RE: Highly Profitable Midwest Location Boat Sales, ... Broker: Megan Cox

Quick Facts

Asking Price: $3,190,000
Annual Revenue: $2,752,922
Net Profit: Not Disclosed
Cash Flow: $653,320
Total Debt: Not Disclosed
FF&E: $830,030
Real Estate: Not Disclosed
Year Established: 1980
Employees: 7
BBN Listing #: 651443542
Broker Reference #: QUADCIL001-N556

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Business Overview:

This marine business for sale has been successfully operating since 1980. This year has proven to be a covid-proof business. A great opportunity to buy an established, thriving business with a built-in vacation most of the winter months Family-owned and operated, they have built a solid reputation servicing new and repeat customers year after year. They operate with a small advertising budget due to word of mouth referrals and a great location. The business model includes several business related revenue streams. These include sales (new and used boats, accessories, lifts and docks), service (boat repairs, detailing, winterization, and install/remove docks) and storage (boats and trailers). Averages – 2016 thru 2019 Revenue $2.2M EBITDA $493,086 SDE $643,086 The owners are nearing retirement and are looking for suitable buyers. A qualified buyer would have management and sales experience. Mechanical aptitude would certainly be a plus. Sellers will be willing to train a new owner during a transition period to be agreed upon. Furniture, fixtures and equipment as well as inventory will be included in the sale. Equipment has an estimated value of $830,300. Real Estate has an estimated fair market value of $1,800,000. This includes 8+ acres and over 90,000 sq. ft. for boat storage, service and showroom. To learn more about this opportunity to own a boat sales, service & storage business, please contact Megan Cox at megan.cox@sunbeltnetwork.com or 563-940-1255 for a Non-Disclosure/NDA.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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