Primary Category:Marine/Boat Service & Dealers for Sale
Calling all boating enthusiasts! Now is your opportunity to acquire your dream job. New to the market is this high-visibility boat sales, repair, and storage company for sale. Family owned and operated, they are the area’s “go to” for sales and service. Located in the Greater Cincinnati area, their offerings include:
• New & Pre-Owned Boat Sales
• Service & Repair of All Makes & Models
• Chemical Cleaning
• Hauling & Launch
• Winterization
• Long-Term Boat Storage
The company uses state-of-the-art diagnostic tools to help find repair issues. Not only that, but they also talk to the customer and get approval before work begins. All of that plus reasonable prices, too. It’s no wonder they have loyal customers! In fact, many new customers turn to them after having disappointing experiences with other area dealers/shops. In 2023, they serviced over 400 boats. This is slightly under their capacity of 425 with existing staff.
Even though service work keeps them busy, new boat sales are the biggest revenue generator for the company. They have sales margins of approximately 20% while pre-owned boats have about a 10% margin. Typical new boats sales are $65,000 with pre-owned boat sales of $25,000 with both types of sales including boat, trailer, and motor.
The boat sales, repair, and storage company attracts new business through their website and listings on Facebook Marketplace and Boat Trader. The company is an authorized dealer for major boat brands. Other customers find them by looking at the brand sites. Customers come from both Ohio and Indiana.
The company has a highly visible location close to a popular boating destination. With 7 acres, there is ample room for repairs and storage. The entire property is fully fenced in and can store up to 150 boats long term. The building is 3,200 SFT with two large services areas and a small retail/office space. The property is conveniently located along a busy highway, making it a quick trip to get boats to and from the water.
Very seldom does your dream job come along. If you are mechanic with a love for all things boats and a desire to share that love, then what are you waiting for? Contact us to find out how to make your dream a reality.
Investment Considerations:
• Turnkey Business
• Excellent Local Reputation
• Minutes From Popular Lake Destination
• Knowledgeable Staff in Place
• Policies & Procedures in Place
• Continuously Growing Business
• Area Exclusive Provider of Popular Boat Brands
• Recession Resistant
Financial Information
$400,000
Asking Price
$189,884
Cash Flow
$1,549,014
Gross Revenue
On request
Down Payment
Business Location
City:
Greater Cincinnati Area
State:Indiana
Reason for Sale
Retirement
Detailed information
Year Established:2008
Home Based:No
Franchise:No
Relocatable:No
Lender Prequalified:No
SBA Prequalified:No
Full-Time Employees: 4
Part-Time Employees:N/A
Contractors:N/A
Owner Worked Hours/w:N/A
Adjusted EBITDA:
N/A
Inventory Included: No
Inventory Value:
$3,000
Monthly Rent:
N/A
Real Estate Available: Yes
Real Estate Included: No
Real Estate Value:
$350,000
Building Size: 32000
FF&E Included?: Yes
FF&E Value: N/A
Training/Support
The Seller is willing to train and transition the new owner for a mutually agreed upon time immediately following closing.
Facilities
The facility is 32,000 SF +/- on 7 AC. There are two large repair areas and a small office/retail area.
Market Outlook/Competition
The boat dealership and repair industry is expected to grow by 1.3% over the next five years. Demand, which peaked during Covid, is back to pre-pandemic levels. Spending on recreation and related equipment is on an upward trend.
Competition comes from other boat dealers and repair shops in the vicinity. However, due to their reputation and focus on customer service, they have a reputation as a go-to place.
Real Estate Description
Real estate is owned by Seller. It consists of one (1) building of 32,000 SF+/- on 7 AC. There is outdoor storage for 150 boats. The entire property is fenced. Seller is willing to sell or lease the real estate for fair market value. The asking price for the business with real estate is $750,000.
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