Business Overview

Maine is THE preferred destination for outdoor recreation in the Northeast! Here’s your chance to be a part of it.
A very profitable and well-established business with over 20 years serving the needs of boaters, farmers, homeowners and vacationers, is up for sale. This is a rare opportunity to own and operate a successful company providing sales, service and parts for power equipment and recreational vehicles.
Ideally located near Maine’s north country and lakes region, the business features well-known brands and serves a large and loyal clientele.
A professional management and service team will be transitioning with the sale and the owner has made it clear that they will be willing to stay on and be available as needed. The sales price INCLUDES $500,000 in inventory!
Owner financing is open for discussion and the owner is willing to extend a long-term lease to a new owner as well.
Do not wait. This is a very profitable company with a motivated seller. It will not be around for long!

Listing Details

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

Financial

  • 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

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:6
  • Furniture, Fixtures and Equipment:N/A
Is Support & Training Included:

4 weeks

Purpose For Selling:

Wants more time with family and for other business ventures

Additional Info

The deal shall include inventory valued at $500,000, which is included in the suggested price.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why individuals decide to sell operating businesses. Nonetheless, the genuine factor vs the one they say to you might be 2 totally different things. As an example, they might claim "I have way too many other responsibilities" or "I am retiring". For numerous sellers, these reasons are valid. But also, for some, these may simply be reasons to attempt to conceal the reality of altering demographics, increased competitors, current decrease in profits, or a variety of various other reasons. This is why it is very important that you not depend absolutely on a seller's word, yet rather, use the seller's solution along with your general due diligence. This will repaint a much more sensible picture of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Many businesses borrow money in order to cover things like supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can suggest that revenue margins are too thin. Lots of organisations fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may likewise be future commitments to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the area draw in new clients? Most times, operating businesses have repeat customers, which create the core of their day-to-day revenues. Certain aspects such as brand-new competitors growing up around the location, roadway building, as well as staff turnover can impact repeat customers and negatively influence future incomes. One vital thing to consider is the location of the business. Is it in an extremely trafficked shopping mall, or is it concealed from the main road? Clearly, the more individuals that see the business often, the greater the possibility to construct a returning client base. A final idea is the general area demographics. Is the business situated in a largely populated city, or is it located on the outside border of town? Exactly how might the regional typical house income impact future earnings potential?