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


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
  • 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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