Profitable Boat Supply and Servicing Business in Richmond

Hanover County, VA (Relocatable)

Profitable Boat Supply and Servicing Business in Richmond

Asking Price:$227,000

Cash Flow:$77,531

Gross Revenue:$500,105





Profitable Boat Supply and Servicing Business in Richmond

Get Financing Save Print Share Valuation Report

Business Description

Turnkey opportunity in an exciting industry!

This marine repair, supply and servicing business has been helping boaters in the
Richmond, VA metropolitan area for 70 years. With a full retail showroom and a repair
facility in back, this business is able to make most repairs on small boats including motors,
electrical systems, trailers and hydraulics (everything but the hull). With a reputation for
high quality service, this company enjoys a repeat customer base from all over central and
eastern Virginia. Husband and wife team are ready to retire, but are willing to help the new
owner with an extended transition.

Detailed Information

Included in asking price
5 FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Stand alone facility it ideally suited for the purpose. Located near a major sporting retailer, the shop houses a small speciality parts storefront and a spacious repairs facility and lot in the rear. Sellers own the facility and will issue a market-rate lease to new owners.
While there are several other marine repair shops in the Central Virginia area, none have the reputation or longevity of this business.
Growth & Expansion:
There is generally no shortage of work to be done so new owner could easily grow the business by expanding operating hours and/or hiring additional technicians. Could also expand product offerings in showroom, and build awareness through additional advertising.
Lender pre-qualified for a well-qualified buyer who meets all lender requirements.
Support & Training:
Will train for 2 weeks @ no cost. One owner is a certified technician holding certifications from several motor companies. The other owner manages the books and helps run the shop.
Reason for Selling:
Owners are retiring.

Listing Statistics for Premium Members

Ad#:1267264 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's terms & conditions before responding to any ad.

Contact the Seller

Sign up for the BuyerNewsletter.
Learn to use your IRA/401K to buy a business: Guidant Financial (min. $50K needed in IRA/401K)
Contact Seller Loading

Michael Metzger, CBI

Business Listed By:
Michael Metzger, CBI

Murphy Business & Financial Corporation

Show Phone Number

View My Listings

Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

Sponsoring Broker:
Murphy Business

Find out more...

Get more details about this business.

Similar Listings