Highly Profitable Midwest Location Boat Sales, Service & Storage Business & Real Estate for Sale

Financial Information

  • Asking Price: $3,190,000
  • Gross Revenue: $2,285,886
  • Cash Flow: $546,551
  • Down Payment: 0
  • FF&E (Included): $830,030
  • Inventory: $482,750
  • Financing: No

Business Location

  • Confidential
  • Illinois
Primary Business Category: Boat Dealers

This marine business for sale has been successfully operating since 1980. This year has proven to be a covid-proof business. A great opportunity to buy an established, thriving business with a built-in vacation most of the winter months Family-owned and operated, they have built a solid reputation servicing new and repeat customers year after year. They operate with a small advertising budget due to word of mouth referrals and a great location. The business model includes several business related revenue streams. These include sales (new and used boats, accessories, lifts and docks), service (boat repairs, detailing, winterization, and install/remove docks) and storage (boats and trailers). Averages - 2016 thru 2019 Revenue $2.2M EBITDA $493,086 SDE $643,086 2020 Jan-Jun Revenue $1,496,111 2020 Jun YTD Book Net Income $ 438,349 The owners are nearing retirement and are looking for suitable buyers. A qualified buyer would have management and sales experience. Mechanical aptitude would certainly be a plus. Sellers will be willing to train a new owner during a transition period to be agreed upon. Furniture, fixtures and equipment as well as inventory will be included in the sale. Equipment has an estimated value of $830,300. Real Estate has an estimated fair market value of $1,800,000. This includes 8+ acres and over 90,000 sq. ft. for boat storage, service and showroom. To learn more about this opportunity to own a boat sales, service & storage business, please contact Megan Cox at [email protected] or 563-940-1255 for a Non-Disclosure/NDA.


Competition Description

Normal


Growth / Expansion overview

Sales of additional boat lines and categories could be added to provide growth


Support / Training Comments

Seller will offer training and support to assure as smooth transition


Reason For Sale
Retirement
  • Home Based: No
  • Year Established: 1980
  • Franchise: No
  • Willing to Train: Yes
  • Relocatable: No
  • Required Licences:

  • Is Property Leased: No
  • Real Estate Available: Yes
  • Real Estate Included: No
  • Real Estate Value: $1,800,000
  • Real Estate Asking: $1,800,000
  • Days Open: Monday-Saturday
  • Fulltime Employees: 4
  • Part time Employees: 3
  • Is Management Staying: Yes
  • Distressed: No
  • Monthly Payroll: $0
  • Building Size: 90000 sq ft
  • Monthly Rent: N/A

Contact Business Broker

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Business Listed by

Sunbelt Moline - Quad Cities

Contact: Megan Cox
Office Phone: 309-764-1955
Mobile Phone: 563-940-1255
Listing ID: QUADCIL001-N556

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.