Listing ID: 83349
This business provides sales, parts and service for power equipment and recreational vehicles, including premier diesel tractors, marine, pontoon and fishing boats as well as outdoor power equipment and snowplows and much more. Located north of Portland the store has been in business for over 20 years, sitting at the gateway to Maine’s wilderness and lakes. Sales have increased steadily over the year and the business is highly profitable. Many of the brands offered by this dealer are the better known and regarded in the industry. This is a turnkey operation and comes with the entire inventory and assets, as well as an experiences and highly capable staff. Owner is willing to provide a long-term lease to the right buyer. This is your chance to be your own boss and own an incredibly successful business that is an integral part of Maine’s rapidly exploding outdoor tourism industry
Price – $1,425,000
Down Payment: $1,000,000
Sellers Discretionary Earnings: $556,000
Total Sales: Will disclose to serious buyers
Location: North of Portland
Reason for Selling: Wants to free up time for family, fishing & to explore other business ventures
Category: Marine related – boat dealer – recreation
- Asking Price: $1,425,000
- Cash Flow: $325,000
- Gross Revenue: $6,000,000
- EBITDA: N/A
- FF&E: $150,000
- Inventory: $500,000
- Inventory Included: Yes
- Established: N/A
Wants more time with family and for other business ventures
The transaction shall include inventory valued at $500,000, which is included in the requested price.
Why is the Current Owner Selling The Business?
There are all types of reasons why individuals choose to sell companies. However, the real reason vs the one they say to you may be 2 entirely different things. For instance, they may state "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be justifications to attempt to conceal the reality of changing demographics, increased competition, current decrease in profits, or a range of various other reasons. This is why it is extremely essential that you not depend entirely on a seller's word, however instead, utilize the seller's response along with your total due diligence. This will paint an extra practical image of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover items such as supplies, payroll, accounts payable, etc. Remember that occasionally this can indicate that earnings margins are too tight. 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 additionally be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that need to be satisfied or may lead to penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new clients? Many times, companies have repeat customers, which create the core of their day-to-day profits. Certain aspects such as brand-new competitors growing up around the location, roadway building, as well as employee turnover can influence repeat customers and also negatively affect future incomes. One vital point to take into consideration is the placement of the business. Is it in an extremely trafficked shopping center, or is it hidden from the main road? Clearly, the more people that see the business often, the higher the chance to develop a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it situated on the edge of town? How might the neighborhood mean family earnings effect future revenue prospects?