Marine Supply - Owners Retiring

Not Disclosed, NJ
Monmouth County

Asking Price: Annual Revenue:
$229,000 $408,300

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

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RE: Marine Supply - Owners Retiring Broker: Louis Falzarano

Quick Facts

Asking Price: $229,000
Annual Revenue: $408,300
Net Profit: Not Disclosed
Cash Flow: $97,711
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 1984
Employees: 3
BBN Listing #: 36924955
Broker Reference #: 3401-15854

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Business Overview:

Sales are up for 2020 at this essential retail business! Popular Discount Marine Supplies and electronics Store. Consumer and commercial customers including, marinas, charter boats, boat repair shops and mechanics. Established over 35 years ago and now the Owners are retiring.

Paint, Rope, Cleaners, Waxes, Pumps, Hardware, Charts, Batteries, Trailer equipment, Propellers...Plus... Exclusive Marine Foul Weather Gear. Rods, Reels, and Tackle, Crab traps, nets...Sunglasses, Frozen Bait! Inflatables... ALL BEACH Chairs, toys, and accessories...

A Jersey Shore Staple for all boaters and beach goers!! Price includes $100,000+ in inventory with an estimated $40,000 of additional inventory that can be purchased!

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Property Features and Assets:

Well stocked store front on two lane state highway with great signage and plenty of parking. 1000 sf+ show room with another 1000 sf warehouse space plus an additional 1000 sf loft for additional storage. Very affordable rent. Current lease is ending so purchaser will need to negotiate new specific lease terms. Long term lease available!! All of this for only $1,450 rent per month. Assets= $155,930.

Market Competition and Expansion:

There are no other marine supply stores in town or immediate area. Similar to a chain Marine store without the clothing. Publishes annual catalog of Boating supplies and accessories. Improve on line/web presence. Offer products on line for local delivery or store pick up.

Reason for Selling:

After 35 years the owner is planning to retire.

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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