Business For Sale

Smith Mountain Lake---Boat Towing /Salvage Busines

Roanoke, VA
Roanoke County


Asking Price: Annual Revenue:
$60,000 $35,000

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

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RE: Smith Mountain Lake---Boat Towing /Salvage Busines Broker: George Bradbury
Owner Financing is Available!

Quick Facts

Asking Price: $60,000
Annual Revenue: $35,000
Net Profit: $11,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $18,500
Real Estate: Not Disclosed
Year Established: 1966
Employees: 1
BBN Listing #: 83656351
Broker Reference #: BOATTOW2

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Business Overview:

Transfer of License Service Agreement Rights for protected territory at Smith Mountain Lake licensed by Tow BoatUS a subsidiary of Boat Owners of America. With over half million members----Tow BoatUS licensees answer calls for over 70,000 annual water assists with a fleet of 600+ boats

Included are; transfer of Tow BoatUS license, a boat with equipment for servicing boaters and agreements with Captains that manage operations on the water.

Revenue includes being paid for Member Towing, Non-Member Towing, Salvage, and potential commercial contracts.

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Property Features and Assets:

2 boats and all necessary towing equipment.

Market Competition and Expansion:

In some locations there are independent and smaller organizations that offer similar services. Only 3 lakes have another similar operation. (Kerr, Gaston, SML) BoatUS is by far the largest organization of its kind with over 500,000 dues paying members. Many opportunities to secure salvage jobs and some commercial accounts. This business also complements other ventures such as marine construction, state / federal contracts, dinner cruises and boat rental fleets . While these lakes have been in the top membership sales over the past 2 years, there remains a lot of untouched market.

Reason for Selling:

The company that owns the licenses also operates t

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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