Services - Marine Repair, Parts and Services | Retail - Marine Dealers and Equipment

$Seller Financing Available

Asking Price	$1,650,000	Inventory	75,000*
Gross Income	Not Disclosed	Real Estate	1,200,000*
Cash Flow	$192,000	Year Established	1954
FF&E	$375,000*	Employees	7 Excl. Owner

* included in the asking price

** not included in the asking price

Owners retirement brings you this stellar opportunity to own a full service marina with proven track record in the beautiful Fingerlakes Region of Central New York State, a true turn-key operation! Current owner spends only a few hours a week managing business, and part of the year from a remote location. Excellent opportunity to expand business operation based upon already existing steady cash flow from slip rental and winter storage as well as showroom rental. Effective integrated user-friendly customer, financial and accounting database software streamline marketing, sales, customer service, finance, operations and accounting functions. The marina operation is staffed with experienced technicians, boat yard and office personnel. 7 employees excluding owner, 4 full-time and 3 part-time. Boat sales operation leased out since 2003 via a month -to- month agreement. The business being sold includes a 25 ton 4 wheel drive Marine Travelift boat lift, Minute Man hydraulic trailer, New Holland L-555 diesel skid steer, 3,000 gallon above ground gasoline tank & 1,000 gallon above ground diesel gasoline tank, 150 wet boat slips, machinery, shop and office equipment, computer software and hardware, customer lists, goodwill, trade name, and all other assignable rights and intangibles. Assets are free from any encumbrances by vendors or government agencies.

Facilities: This full service marina is being sold with the real estate. (700 feet of prime water frontage and approximately 8.84 acres of land. There are 4 buildings on the property: 12,000 square foot heated show room with 22 foot ceilings, sales and administrative offices, repair shop and ship store. For aerial view of marina go to http://www.cmi-boats.com/photos.htm

Competition: One of only 4 full service marinas located on Cayuga Lake this business enjoys a quality customer base, which has grown to value the marina's service and conveniences. Cayuga Lake, part of the New York State Canal System, spans five hundred twenty-four miles making available travel between the Hudson River and the Great Lakes. For more information on the canal system visit http://www.nyscanals.gov/exvac/landwater/index.html

Growth/Expansion: Past annual sales and current potential ($ 4,800,000.00 +) Past annual seller's discretionary cash flow and current potential ($ 488,360.00 +) Rare Opportunity To Own One Of The Areas Most Well Know Established Marine Businesses Owned And Operated For 55 Years !

Seller Financing Available: Yes

Financing: Seller will hold 1st mortgage with suitable down payment.

Support/Training: To provide for a seamless transfer of business, owner will provide consultation if requested by buyer.

Reason Selling: *Retirement* (Business Established 55 Years)