PROFITS UP AGAIN - New/Used Boats and Motors

Not Disclosed, MN

Asking Price: Annual Revenue:
$2,250,000 $3,867,268

Recreation: Marinas & Boating

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RE: PROFITS UP AGAIN - New/Used Boats and Motors Broker: Pat Steffl

Quick Facts

Asking Price: $2,250,000
Annual Revenue: $3,867,268
Net Profit: Not Disclosed
Cash Flow: $529,709
Total Debt: Not Disclosed
FF&E: $185,000
Real Estate: $750,000
Year Established: 2005
Employees: 7
BBN Listing #: 64704955
Broker Reference #: 5101-16555

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Business Overview:

This is a very profitable and rapidly growing marine and sports center in a Minnesota region known for fishing and water recreation. 2021 was the new best year ever with SALES UP 40%. New owner will need to secure floorplan with lender for most inventory which currently is about $500,000. Owner has about $200,000 of used inventory that will need to be purchased. This number fluctuates and will be counted prior to sale and included in total price.

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Property Features and Assets:

12,300 square feet building with 2 additions to accommodate the consistent growth of the business. Heat and AC, insulated, concrete floor. Large asphalt and tar lot with showroom for inventory which sits on 4.35 acres of land. Located on a high traffic area with highway frontage. Assets = $935,000.

Market Competition and Expansion:

Very strong market for this business type. Normal level of competition in the area, but this business is producing extremely strong returns. Sports and Marine market is very strong. Business is experiencing strong growth over the last few years.

Reason for Selling:

Transition to new opportunity.

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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