Listing ID: 79460
Easy to Own, Fun to Run and Rare Opportunity to purchase one of the few privately owned, MEMBER ONLY BOAT CLUBS with (3) prime Florida locations. Easy to sell concept allows members the luxury of the boating lifestyle without the high expense and constant upkeep of boat ownership. In addition to the hefty initiation fee, it has recurring revenues from monthly dues with its ever-expanding memberships. It currently has a fleet of (28) vessels ranging from 20ft to 25ft center consoles, deck boats, pontoons, tri-toons and dual consoles – offering something for almost everyone. Extensive FFE list along with fully functional website that includes online reservation system for maximum control. Lean but efficient staff in place with certified mechanic and office manager handling most of the duties that include customer service, admin and new member sales. Business has been established for over a decade, currently has about 300 members and over one MILLION dollars in late model boats in its fleet. This opportunity is poised to grow if so desired, both locally, regionally and nationally. LIVE YOUR DREAM!
- Asking Price: $2,950,000
- Cash Flow: $788,739
- Gross Revenue: $1,513,097
- EBITDA: N/A
- FF&E: $5,000
- Inventory: $10,000
- Inventory Included: Yes
- Established: 2009
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:8
- Furniture, Fixtures and Equipment:N/A
The venture was founded in 2009, making the business 13 years old.
The transaction will include inventory valued at $10,000, which is included in the listing price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 completely different things. For instance, they might say "I have a lot of various obligations" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be reasons to try to hide the reality of transforming demographics, increased competitors, current decrease in revenues, or a variety of various other factors. This is why it is extremely crucial that you not count absolutely on a vendor's word, yet rather, use the vendor's solution together with your overall due diligence. This will paint an extra reasonable image of the business's existing situation.
Existing Debts and Future Obligations
If the current entity is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your deal. Numerous operating businesses finance loans in order to cover things such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too small. Lots of companies fall into 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 may be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that need to be met or might lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area attract new clients? Most times, companies have repeat clients, which form the core of their daily earnings. Specific elements such as new competition growing up around the area, road building, and also personnel turn over can impact repeat consumers and also negatively impact future profits. One vital point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Undoubtedly, the more individuals that see the business on a regular basis, the greater the opportunity to build a returning consumer base. A last idea is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the edge of town? Just how might the regional typical family income effect future earnings potential?