Boat Sales & Maintenance Business in Beautiful Marina Location

Listing Number: 9525-994255

Description

This very successful power boat sales and maintenance business was started in 1972 and has been family owned and operated from its beginning. Located in a full-service marina with Chesapeake Bay access, the business has been a leading retailer of new and used boats in the area.

The business has a full complement of employees who will stay including sales, service writers, technicians, and admin. The Seller processed new and used boat purchases, handled financial matters, and worked with customers to resolve difficult issues. His wife provided bookkeeping and payroll services. Both will stay up to 90-days for a smooth transition and then after for a reasonable period of time as a paid consultant if required.

A full price sale will include over $1,500,000 in inventory of all new and used boats, accessories, FF&E, parts and supplies. The relationship with several popular brand-named boat manufacturers are key to the success of the business, and the Seller has taken great care in maintaining a pristine relationship with them over the years. The business has no debt, and all inventory is owned not floor planned.

A new long-term lease must be negotiated with the landlord but is readily available.

For more information contact the exclusive agent. A signed NDA and buyer's profile is required.

Listing Details

• Price: $ 8,950,000
• Down Payment: $8,950,000
• Sellers Discretionary Earnings: $ 1,560,428
• Total Sales: $ 8,956,619
• Location: Virginia


• Inventory: $ 0
• FF&E: $ 200,000
• Employees: 6
• Year Established: 1972
• Reason for Selling: Retiring
• Category: Marine Related