Business Overview

Phenomenal business opportunity. Very Successful RV/Boat Business with excellent reputation and customer loyalty. Ideally Located within a very short distance of U.S. Route I-395. Approximately 8.77 acres with frontage on Main Road of approximately 300 feet. Modern Style 10,00 (+/-) building that has been well maintained by current owners.
This business represents some of the best RV companies in the United States
including Jayco RV Trailers and Motorized RV, Dutchman
RV Kodiak & Aspen Trail Trailers, Godfrey Marine Sweetwater, Aqua Pation, Sanpan and Monaco Pontoon Boats.
McKays also represents Mercury Marine, Yamaha Marine,
Tohatsu Marine, EZ –Loader Boat Trailers and Sunset Trail
RV Trailers.
The owners are in the process of clearing the remaining
land area to establish a larger display of inventory RV,
trailers and aluminum boats.

Financial

  • Asking Price: $2,349,000
  • Cash Flow: N/A
  • Gross Revenue: $3,200,000
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 1998

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:10,800
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Sale includes Real Estate (consisting of 8.7 acres of land) and moderns 10800 sf building. Parking area was recently repaved. The owners expanded the gravel surfaces to permit parking. RV and Trailer inventory. Modern style single story fully insulated steel frame structure on a concrete slab finished with metal siding and roof. Building has four drive-thru over head doors- three in the service garage building and one into the show room building. The HVAC system includes both a/c and forced warm air system. The three OVH doors in the service building are estimated to be 14’ x 10’ doors and the showroom OHD is estimated to be a 12’ x 10’ door. Interior floor plan for the main building includes, executive office, three sales offices, large entrance/display room, 40’ x 60’ showroom, parts room, customer lounge room, two 1/2 baths and 1,600/sf second floor storage area. The interior showroom floor was recently completely refinished with an epoxy coating. Water and sewer are both private. According to the owner there is public water in the street which could easily be tied into. Septic system was replaced approximately two years ago. According to the owner the lighting system was all recently replaced with LED lights providing a substantial reduction in energy costs. The building was originally built in approximately 1989 and has been well maintained by the owner.

Is Support & Training Included:

Owner is willing to provide training to ultimate buyer.

Purpose For Selling:

Owner looking to retire.

Pros and Cons:

Market is very strong. The business is located very close to the I-395 and AADT count (according to the State of Maine) is approximately 21,000 vehicles.

Opportunities and Growth:

There is significant room on the property to expand the business. The opportunity to grow the business is very good, inventort does not last long on property.

Additional Info

The venture was established in 1998, making the business 24 years old.

The company has 6 employees and is located in a building with approx. square footage of 10,800 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons individuals resolve to sell operating businesses. Nevertheless, the true reason vs the one they tell you may be 2 totally different things. For instance, they may say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may simply be excuses to attempt to conceal the reality of changing demographics, increased competition, current reduction in profits, or an array of other factors. This is why it is extremely important that you not count completely on a vendor's word, however instead, utilize the vendor's response together with your general due diligence. This will paint a more sensible image of the business's current situation.

Existing Debts and Future Obligations

If the current business is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of operating businesses borrow money in order to cover items such as inventory, payroll, accounts payable, so on and so forth. Remember that occasionally this can indicate that revenue margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that need to be met or might cause charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in new customers? Most times, operating businesses have repeat consumers, which develop the core of their day-to-day earnings. Certain elements such as brand-new competitors sprouting up around the area, road building and construction, as well as personnel turnover can affect repeat clients and negatively affect future incomes. One vital thing to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more individuals that see the business regularly, the better the possibility to build a returning customer base. A final idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Just how might the regional mean family earnings impact future earnings potential?