Listing ID: 82793
Business Overview
Lake of the Ozarks Boat Dealership For Sale priced to sell! Fantastic Highway 54 location with 7.5 acres and great visibility! With traffic counts of nearly 20,000 vehicles daily and considering there is an average of more than1 person in a vehicle, there is potential for 12 million people to see the dealership in 2022! Step right into to this well run business with everything already in place. Exclusive dealer for Sunchaser and Aloha Boats for the Lake of the Ozarks and surrounding areas. Mercury and Yamaha Marine authorized service & Parts. Also a dealer of Haul Rite Trailers! Awesome 40 X 100 heated and cooled shop with showroom and parts counter ready for you to step right in. Current inventory to convey. Amazing turnkey opportunity to take over this successful business with all the hard work already completed. Plenty of room for boat storage buildings or whatever you heart desires. Owner wishing to retire. Make an appointment today and make your dream a reality!
Financial
- Asking Price: $1,062,671
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: $695,067
- Inventory Included: Yes
- Established: 2019
Detailed Information
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,000
- Lot Size:N/A
- Total Number of Employees:7
- Furniture, Fixtures and Equipment:N/A
Retiring
Additional Info
The company was founded in 2019, making the business 3 years old.
The sale shall include inventory valued at $695,067, which is included in the asking price.
The company has 7 employees and is located in a building with approx. square footage of 4,000 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell companies. However, the genuine reason and the one they say to you may be 2 totally different things. As an example, they might state "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these may just be reasons to attempt to conceal the reality of altering demographics, increased competition, current reduction in incomes, or a range of other reasons. This is why it is extremely essential that you not depend completely on a seller's word, however instead, utilize the vendor's solution in conjunction with your general due diligence. This will paint a more sensible picture of the business's current 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 deal. Lots of operating businesses take out loans so as to cover points like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can imply that profit margins are too tight. Many companies fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also 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 contracts with vendors that should be fulfilled or might cause fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the location bring in brand-new clients? Most times, companies have repeat consumers, which create the core of their daily earnings. Specific variables such as new competition growing up around the location, roadway building, and staff turn over can impact repeat consumers and also negatively affect future earnings. One crucial point to consider is the area of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business often, the better the chance to build a returning customer base. A final idea is the general area demographics. Is the business placed in a largely populated city, or is it situated on the outskirts of town? How might the neighborhood typical household income influence future income potential?
