Listing ID: 66790
Business Overview
PROFITABLE and Growing Multi-line Boat Dealer WITH STORAGE in FANTASTIC location. Dealership is neat as a pin and well cared for – easy to show!
Large Storage capacity (FULL!!) with space to increase storage, and room to raise prices because demand exceeds storage in the area.
Real Estate available: Cash Flow + $111,000/year RENT available for debt service.
Long established with a skilled team in place. This dealer shows continuous growth since before the pandemic, which is likely to continue.
Recently added new storage building and room to add storage facilities.
Facility includes indoor heated workshops and detail bays for winter work.
Lots of opportunity for growth by increasing storage and leveraging storage work for more winter work.
Parts & Accessories inventory approx $250,000 in addition to asking price.
Serialized unit inventory is in addition to asking price and expected to transfer to new owner’s floorplan line in a non-cash transaction.
Financial
- Asking Price: $1,249,000
- Cash Flow: $854,000
- Gross Revenue: $6,000,000
- EBITDA: $779,000
- FF&E: N/A
- Inventory: $250,000
- Inventory Included: N/A
- Established: 1987
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:69,000
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Showroom with parts & offices plus multiple out buildings with Service shop and Storage facilities. Room to expand Storage and demand for storage exceeds available supply in the region. Real estate is also for sale and currently owned by the operating entity.
Seller willing to train for a reasonable period.
Change of career path
Other competitors exist. Territories assigned by brands. This dealership is known for its attention to customers and high quality service. Buyer will need to qualify with manufacturers and their floorplan company to complete purchase.
Additional storage space can be added, along with additional Service work. May be possible to add other lines not represented in the area.
This Business Is An Established Franchise
Additional Info
The company was established in 1987, making the business 35 years old.
The deal shall not include inventory valued at $250,000*, which ins't included in the listing price.
The business has 10 employees and resides in a building with estimated square footage of 69,000 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people choose to sell operating businesses. Nevertheless, the real reason vs the one they say to you might be 2 absolutely different things. For instance, they may state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competitors, recent decrease in incomes, or a range of other reasons. This is why it is extremely important that you not depend totally on a vendor's word, yet rather, make use of the seller's response along with your overall due diligence. This will repaint a much more sensible image of the business's present situation.
Existing Debts and Future Obligations
If the current company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Lots of businesses finance loans in order to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can indicate that revenue margins are too tight. Numerous organisations fall into a revolving door of taking loans as a way to pay back other loans. Along with debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that must be met or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location attract new clients? Often times, operating businesses have repeat consumers, which create the core of their everyday revenues. Certain factors such as brand-new competition growing up around the area, roadway building and construction, as well as employee turn over can affect repeat consumers as well as adversely affect future incomes. One important point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Certainly, the more people that see the business often, the better the chance to develop a returning client base. A last thought is the general area demographics. Is the business placed in a densely inhabited city, or is it located on the outside border of town? How might the local typical household income effect future income potential?
