Maryland Marine Assistance Business

MD

Make Money on the Water!

Asking Price:$400,000

Cash Flow:N/A

Gross Revenue:N/A

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Established:2007

Maryland Marine Assistance Business

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Business Description

This is a Marine Assistance Provider. Services include boat towing and expert on-water assistance. The membership is a direct connection to highly professional, experienced captains who can help when it matters most. There is a protected territory to service- almost 4000 square miles of water ways. There are several sources of income. Memberships are a reoccurring revenue stream and a major part of the income. There is also nonmember fee for service income, contract work, and salvage work. Even though this is a seasonal business, there is reoccurring revenue year round.

Detailed Information

Employees:
8
Facilities:
This is a turn key operation. Sale includes 4 retrofitted tow boats, all towing and salvage equipment, and on board computer system. Mobile dispatching and internet access has afforded this owner the luxury of doing away with a brick and mortar office space. Marina slips are rented by the season.
Competition:
There is only 1 other major competitor in the area, who's business model is very different.
Growth & Expansion:
According to the Maryland Department of Natural Resources, there are approximately 181,544 boats registered in the State of Maryland. There is a Cruise Ship Terminal in the territory, as well as a route for Tugs and Barges.
Support & Training:
Seller is willing to stay on as a consultant for a period of 90 days after the sale to ensure the new owner's success. The Franchise Headquarters offer a full training program and continued support.
Reason for Selling:
Retirement
Franchise:
This business is an established franchise

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Barbara Cino

Business Listed By:
Barbara Cino

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