Listing ID: 80888

Business Overview

Boat Sales/Service and More: This business has been in operation for over 37 years serving their customers in the Treasure Valley and surrounding areas. Owners started out running the business out of small facility and after about 5 years sales grew so much, they had to relocate to a larger space. Owners are selling to retire, have some fun, and to let a younger ambitious person help grow the business.

-Business had a great year last year and is doing well this year even with supply issues like other companies are experiencing. Cash Flow Trending $361,656 for 2021!
-Business is well know in the area for their knowledgeable professional boat sales and service “TEAM”!
-Besides selling and servicing boats they sell water sports equipment such as ski’s, wakeboards, surfboards, kneeboards, wetsuits, dry suits, gloves, vests and much more!
-They have a great service and repair reputation that is far higher than their competitors.
-Business is operated out of a leased facility which has a showroom that features everything for fun in the water.

Husband and Wife operate this business now and it would be a great opportunity for another married couple to take this business to the next level.

Prospective Buyers must sign a Confidentiality Agreement as well as provide proof of funding!

If you want to own a well-established business, make money, and have fun at the same time- “Give me a call today”!

Financial

  • Asking Price: $999,500
  • Cash Flow: $353,945
  • Gross Revenue: $2,626,435
  • EBITDA: N/A
  • FF&E: $41,000
  • Inventory: $275,000
  • Inventory Included: Yes
  • Established: 1984

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:5,756
  • Lot Size:N/A
  • Total Number of Employees:4
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

-Business is operated out of a leased facility which has a showroom that features everything for fun in the water.

Is Support & Training Included:

4 Weeks of training at no cost!

Purpose For Selling:

Owners wish to retire.

Pros and Cons:

Just a few competitors in the area.

Additional Info

The company was established in 1984, making the business 38 years old.
The sale will include inventory valued at $275,000, which is included in the listing price.

The company has 4 employees and is located in a building with approx. square footage of 5,756 sq ft.
The real estate is leased by the company for $4,037 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons individuals decide to sell businesses. Nonetheless, the real factor vs the one they tell you may be 2 totally different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. But, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent reduction in profits, or an array of various other factors. This is why it is really vital that you not rely totally on a vendor's word, but rather, use the vendor's answer together with your general due diligence. This will paint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will need to consider this when valuating/preparing your offer. Many companies take out loans with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can mean that earnings margins are too tight. Many organisations come under a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing agreements with vendors that must be satisfied or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area draw in brand-new clients? Often times, companies have repeat consumers, which create the core of their day-to-day profits. Particular elements such as brand-new competition growing up around the area, road construction, as well as staff turn over can impact repeat consumers and also adversely influence future revenues. One important point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Certainly, the more individuals that see the business on a regular basis, the better the chance to build a returning customer base. A final thought is the general area demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? How might the regional typical house earnings effect future revenue potential?