Marine sales, service, rentals

Fairlee, VT (Orange County)

main building

Asking Price:$250,000

Cash Flow:$53,000

Gross Revenue:$1,000,000

EBITDA:$73,000

FF&E:$80,000

Inventory:$540,000

Real Estate:$400,000*

Established:1986

*not included in asking price.

Marine sales, service, rentals

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Business Description

Seller Retiring

Long established and respected Marine Dealer (29 years). This is the place to go for eastern Vermont and western New Hampshire from Canada to Brattleboro. Have served many families for generations. The business does sales of new and used boats, motors, and trailers, as well as service, rentals, and storage. Profitable even during the latest recession. Very complete accounting information and reports enable close continuous control by owner. See website for info on products and services currently offered (www.fairleemarine.com) . Owner retiring.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Employees:
4-5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The facilities (which include an upstairs 3 bedroom apartment) are separately owned by the business owner and can be leased for $3000/month (not including the apartment) or purchased for $400,000 including the apartment. This amount of rent is paid monthly to the owner, and has already been deducted from profits shown.
Competition:
Not much local competition (several have come and gone).
Growth & Expansion:
Steady local clientel for marine. Could add motorcycles, atv's and snowmobiles for expansion possibilities.
Financing:
$250,000 for equity plus assume existing internal debt of $240,000
Support & Training:
Will help buyer learn the ropes.
Reason for Selling:
Owner retiring
Business Website:
http://fairleemarine.com

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Business Listed By:
Robert Bartlett

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