Listing ID: 73330
Are you a boat lover? If so, you will love this very well established marine boat, engine, and trailer repair business for sale. Asking $485K with over $140K in seller earnings. 4800 sf facility on an acre of land, in a great area of town, with year round customers and unlimited future potential. Not tied to any specific brands and the just do service and parts sales. Owner is at retirement age and ready to hand it over to the next owner. Is that you? For additional information please contact listing agent Brandon Owens at 513-392-6750 or firstname.lastname@example.org.
- Asking Price: $485,000
- Cash Flow: $141,492
- Gross Revenue: $768,701
- EBITDA: N/A
- FF&E: $72,824
- Inventory: $68,120
- Inventory Included: Yes
- Established: 1992
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:4,800
- Lot Size:N/A
- Total Number of Employees:5
- Furniture, Fixtures and Equipment:N/A
This is a leased location of 4,800 square feet with a Total Rent of $3,300.Seller is active in the business with 4 FT employees, 1 PT employee and 1 Independent Contractor. Hours of operation are 8 AM to 5 PM, Monday - Friday. $68,120 in Inventory and $72,824 in FF&E included in Asking Price. $2,036 made in Leasehold Improvements.
Owner wants to retire
This facility gets referrals from competitors around the area. They have a long established name and reputation with experienced technicians who are happy where they are and are paid extremely well with bonuses each month.
Not currently doing any upholstery or fiberglass work.
The business was founded in 1992, making the business 30 years old.
The transaction shall include inventory valued at $68,120, which is included in the listing price.
The company has 5 employees and resides in a building with estimated square footage of 4,800 sq ft.
The building is leased by the business for $3,300 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell companies. Nonetheless, the genuine reason vs the one they say to you may be 2 absolutely different things. As an example, they may claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these might simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in earnings, or a variety of other reasons. This is why it is really crucial that you not count completely on a seller's word, but instead, utilize the seller's response together with your overall due diligence. This will paint a more sensible image of the business's existing situation.
Existing Debts and Future Obligations
If the existing company is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Numerous businesses finance loans with the purpose of covering points such as inventory, payroll, accounts payable, and so on. Keep in mind that occasionally this can suggest that revenue margins are too thin. Numerous companies fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or may cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area bring in new clients? Many times, operating businesses have repeat clients, which form the core of their everyday profits. Specific aspects such as new competitors growing up around the area, road building, as well as staff turn over can influence repeat customers and also negatively impact future earnings. One crucial point to take into consideration is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the greater the possibility to develop a returning consumer base. A final thought is the general location demographics. Is the business placed in a largely populated city, or is it situated on the edge of town? Exactly how might the neighborhood median home earnings effect future revenue potential?