Offshore Boat Repair & Storage Near PA Lakes

Not Disclosed, PA
Wayne County


Asking Price: Annual Revenue:
$325,000 $335,209

Automotive & Boats: Boat Storage and Marinas


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RE: Offshore Boat Repair & Storage Near PA Lakes Broker: Bob Dunphy
Owner Financing is Available!
$65,000.00

Quick Facts

Asking Price: $325,000
Annual Revenue: $335,209
Net Profit: Not Disclosed
Cash Flow: $92,321
Total Debt: Not Disclosed
FF&E: $112,212
Real Estate: Not Disclosed
Year Established: 2005
Employees: Not Disclosed
BBN Listing #: 689435879
Broker Reference #: 6842-789795

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Business Overview:

This business is a full service off water Marine Services provider. Current owner is a second generation operator and graduate of the Marine Mechanics Institute of Florida. In 2009, through a family business reorganization, he took control of the operation and began expanding services. Three years ago, the business moved to the current
location on a busy state highway leading to the largest man-made lake in Northeast Pennsylvania. The proximity of the property to two large private developments with direct lake frontage or their own private impoundments has established a steady and stable client base. Many of our clients are owners of a second homes directly on the waterfront. The core customer typically resides in Northern New Jersey, New York City, Long Island, Philadelphia, Connecticut or Florida. Some clients are third and fourth generation property owners with deep roots to the area. It is common for these clients to have multiple units in our service model. Core clients enjoy professional careers in banking, law enforcement, the courts, legal, medical and large business holdings or are retirees that have done well investing over the years. The services provided have been developed with the above client lifestyles in mind. Our entire model is driven by the premise that clients may have a limited opportunity when scheduling time with their family "at the Lake" so we strive to make the service requirements of their watercraft a well defined and predictable event so as not to interfere with or cause delays to the valuable time they have. All services are evaluated each year with input from our clients and adjusted to assure continuity across the entire service model. Their advisory service to the client has allowed for a steady and predictable service schedule, purchasing cycle and successful revenue projections.

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Property Features and Assets:

Retail store, repair shop & offices in one building, boat storage in a second building. Additional outside storage.

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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