Profitable Boat Sales and Service

Not Disclosed, IA


Asking Price: Annual Revenue:
$975,000 $3,390,677

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


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RE: Profitable Boat Sales and Service Broker: Michael Rooney

Quick Facts

Asking Price: $975,000
Annual Revenue: $3,390,677
Net Profit: Not Disclosed
Cash Flow: $486,317
Total Debt: Not Disclosed
FF&E: $300,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 7
BBN Listing #: 72724955
Broker Reference #: 5001-16418

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Business Overview:

The business is engaged in the sale and service of boats and boat engines. The company has very desirable protected lines of boats and engines for sale. The company specializes in boat and engine rigging and outfitting.

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Property Features and Assets:

Seller operates out of two buildings. One building is used for parts and repair while the second building is used to house new and used boats. The buildings are newer and in great shape. Seller will sell the building with the business on a separate transaction or will entertain a lease with a possible option to buy. Real Estate will be leased at prevailing rates or will be sold in addition to the business purchase. Assets = $600,000.

Market Competition and Expansion:

The business has a very desirable lines of boats with a protected territory. They also have two engine lines that have protected territories as well. Other marine dealers in the area are not able to service or customize boats as the seller and his team can. The competition does not have the same number of qualified "Master" technicians so repairs and back on the water is slower. The new owner could add new lines of boats and engines to the line up for additional sales.

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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