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What is most important when buying a boat and RV business?

Two current locations and also service. Property not included, though already have 1 suitable location and can lease other. Currently doesn't have rentals. Possible contract of $100,000 @$10k/yr+interest.

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The BAF Group LLC
MD

One BIG question is why they are selling? Look at their historical Revenue and Profits. Over the past five years or so, between the difficulty in borrowing, (which destroys the ability to of Buyers to purchase Boat and RVs,) the cost of gas (which, in Boat fuel, can be 75 cents to a dollar or more than car fuel,) and the general confidence in the national economy, both Boat and RV sales have tumbled. Many RV operations have sold at a loss or closed, altogether. The same with Boat dealerships and Marinas. Several Boat manufacturers have closed up or moved out of the USA, while others have reduced production dramatically. The overwhelming majority of Boat sales in Maryland, which has a mammoth, historical marine industry for sales and recreation, most Boats that are sold are small, used vessels. That can be good, if your dealership has that niche. But it is risky. Be careful and study those numbers, carefully.

May 6, 2013

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